OLA Electric share price under pressure if Ather Energy IPO opens; EV -stock has 70% lower than record height | Einsmark news

OLA Electric share price fell almost 3% on Monday when Athther Energy IPO opened for public subscription. Ola Electric shares dropped to 2.94% to £ 48.40 each on the BSE. OLA Electric Mobility shares came under the sale of pressure on April 28 after the launch of the initial public offer (IPO) of competitive Ather Energy. Both OLA Electric and Ather Energy are a pure-play electrical two-wheeler manufacturers, who compete aggressively, as well as with legacy car businesses in the Electric Vehicle (EV) segment. These new EV businesses in the new age are still reporting significant losses, while also losing the market share. Ola Electric reported a net loss of £ 1,406 crore during the nine months of FY25, compared to Ather Energy’s net loss of £ 578 in the same period. For the full financial year FY24, Ola Electric produced a net loss of £ 1.584 crore, while Ather Energy reported a loss of £ 1,060 crore. As for the volumes, Ola Electric sold a total of 3,44,005 units in FY25, with a market share of 30%, compared to 3,29,618 units sold in FY24. Meanwhile, Ather Energy reported sales of 1.07,983 units during the April-December period of FY25, compared to 1.09,577 units sold in FY24. The share price of Ola Electric was on a downward trajectory and is currently trading significantly under both the issue price and the list price. The share is on August 9, 2024, £ 76 per piece on the NSE “listed. 7, 2025. Ola Electric shares dropped 7% over the past month and 24% on an annual basis (YTD), fell 27% over the past six months. Get a market share in the two-wheeler Ev segment contributes to the negative bias, ”Jain said. Jain, who has maintained a ‘selling’ rating on Ola Electric shares since traded at the £ 110 level, has reaffirmed his farmer-like stance. ” A break below the £ 45 confirms the weakness, and he adjusted a £. Electric clarified on April 25 to stock exchanges regarding the reports of Maharashtra showrooms and said that it was “unaware” of such notice of the authorities. ‘We want to subject that we are not aware of such negotiations/events regarding a notice of the authorities that have immediate closing of a 100 showrooms in Maharashtra. In addition, we have already notified the exchange, via our intimacy of March 21, 2025, regarding the receipt of notices in four states regarding trade certificates for certain stores in those states, “Ola Electric said in a stock exchange. Edition of 8,18 Crore shares worth £ 2,626,30 and a offer-for-sale Crore shares that are up to £ 304 to £ 321 per share.