Ola Electric shares soar amidst high trading volume
Ola Electric's stock jumped nearly 10% on Monday, snapping a five-day losing streak and reaching ₹41.72 during trading.
This rebound comes after the shares hit their lowest point of the year, so it's caught a lot of eyes.
Q1 results show revenue drop and loss increase
Ola Electric has been having a rough ride—its Q1 net loss grew to ₹428 crore, and revenue dropped almost 50% compared to last year.
Still, there's a glimmer of hope: losses are shrinking compared to last quarter, and revenue is starting to pick up again.
Stock still down over 50% this year
Even though the stock is still down over 50% this year, investors are watching some positive signs—like Ola's auto segment EBITDA margin jumping from -90% last quarter to -11%, with June marking its first month in positive territory for that metric.
It looks like people are betting on Ola turning things around operationally, even if profits aren't here yet.