Ola Electric Mobility Faces Continued Stock Decline Amid Broader Market Pressures

Feb 10 2025 09:50 AM IST
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Ola Electric Mobility has faced a significant decline, with its stock falling for four consecutive days and a total drop of 9.51%. Currently trading above its 52-week low, the stock underperformed its sector and is below key moving averages, indicating ongoing market challenges.
Ola Electric Mobility, a prominent player in the automobile two and three-wheelers sector, experienced a notable decline of 3.24% on February 10, 2025. This drop marks a continuation of a downward trend, as the stock has now fallen for four consecutive days, resulting in a total decline of 9.51% during this period.

Currently, Ola Electric is trading 4.53% above its 52-week low of Rs 64.68, indicating a challenging market position. The stock's performance today underperformed its sector by 3.56%, reflecting broader market pressures. Throughout the trading session, the stock reached an intraday low of Rs 67.61, down 3.44%.

In terms of moving averages, Ola Electric is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a bearish trend. Over the past month, the stock has declined by 7.67%, contrasting sharply with the Sensex, which has seen a slight increase of 0.07%. This performance highlights the ongoing challenges faced by Ola Electric Mobility in the current market landscape.
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