Ola Electric Mobility Sees Surge in Trading Volume Amid Market Challenges

Ola Electric Mobility Ltd, a midcap player in the automobiles sector, has emerged as one of the most active equities by volume today. The stock, trading under the symbol OLAELEC, recorded a total traded volume of 54,523,076 shares, with a total traded value of approximately Rs 236.96 crores. The stock opened at Rs 44.48 and reached a day high of Rs 44.48, while the day low was Rs 42.62. As of the latest update, the last traded price (LTP) stands at Rs 42.69.
Despite the notable trading activity, Ola Electric has underperformed its sector by 0.97% today, with a 1-day return of -2.49%. This marks the second consecutive day of decline for the stock, which has seen a total drop of 7.84% over this period. The weighted average price indicates that more volume was traded closer to the low price, suggesting a shift in trading dynamics.

Interestingly, investor participation has risen, with delivery volume on July 15 reaching 10.84 crores, a significant increase of 192.69% compared to the 5-day average. The stock remains liquid enough for a trade size of Rs 22.57 crores, based on 2% of the 5-day average traded value. Overall, Ola Electric Mobility Ltd continues to navigate a challenging market environment while maintaining a robust trading volume.