Ola Electric Experiences Increased Trading Activity Amidst Continued Stock Decline

Ola Electric Mobility Ltd, a mid-cap player in the automobiles sector, has emerged as one of the most active stocks by volume today. The company’s shares traded at a total volume of 39,203,765, with a total traded value of approximately Rs 16,728.25 lakhs. The stock opened at Rs 43.43 and reached a day high of Rs 44.10, while the day low was recorded at Rs 41.82. The last traded price (LTP) stands at Rs 42.09.
Today marked a significant moment for Ola Electric as it hit a new 52-week and all-time low of Rs 41.55. The stock has been on a downward trend, underperforming its sector by 0.72% and experiencing a consecutive decline over the past two days, resulting in a total drop of 3.15%. Additionally, Ola Electric is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages.

Despite these challenges, there has been a notable increase in investor participation, with delivery volume rising by 42.42% compared to the 5-day average. The stock remains liquid enough for trades sized at Rs 2.74 crores, based on 2% of the 5-day average traded value. Overall, Ola Electric Mobility Ltd continues to navigate a complex market landscape, reflecting both volatility and increased trading activity.