Ola Electric Faces Continued Stock Decline Amid Broader Market Pressures

Ola Electric Mobility, a prominent player in the automobile two and three-wheelers sector, has experienced a notable decline of 3.2% on April 4, 2025. This drop comes as the stock has underperformed its sector by 1.21%, marking a challenging period for the company. Over the last two days, Ola Electric has seen a cumulative decline of 2.96%, with today's intraday low reaching Rs 52.25, reflecting a decrease of 3.35%.
The stock is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. In comparison to the broader market, Ola Electric's one-day performance of -3.24% contrasts with the Sensex's decline of 1.04%. Over the past week, the stock has fallen by 1.25%, while the Sensex has decreased by 2.47%.

In a broader market context, the Sensex has faced significant pressure, dropping 606.77 points to 75,553.32, and is currently trading below its 50-day moving average, which is also below the 200-day moving average. Year-to-date, Ola Electric has seen a substantial decline of 39%, compared to the Sensex's decrease of 3.38%.