As of the last trading session, the Ola Electric Mobility share price fluctuated between ₹125.80 and ₹132.47, closing at ₹131.32. The Expected Ola Electric Mobility share price 26 August is anticipated to range between ₹150 and ₹160, marking a significant potential increase from the previous close.
Ola Electric Mobility Performance Overview
- Previous Close: ₹131.32
- 52-Week Range: ₹76.00 – ₹157.40
- Market Cap: ₹57,914.20 Cr
Ola Electric Mobility has shown strong potential within the market, as seen from its 52-week high of ₹157.40. Investors are keeping a close watch on the company’s performance, especially with the anticipated price surge on August 26.
Fundamental Analysis
- Return on Capital Employed (ROCE): -28.62%
- Price-to-Earnings (P/E) Ratio: -36.57
- Price-to-Book (P/B) Ratio: 9.18
- Debt to Equity: 1.34
- Return on Equity (ROE): -78.54%
The company’s financials reflect ongoing investment and expansion efforts, with current metrics showing a negative ROE and ROCE, indicating a period of growth and reinvestment.
Financial Highlights (₹ in Crores)
- Net Sales (Jun 2024): 1,644.00
- Expenses (Jun 2024): 1,975.00
- Net Profit (Jun 2024): -347.00
Despite current losses, Ola Electric Mobility is expected to enhance its financial standing, particularly with its recent Production Linked Incentive (PLI) certification.
Recent Corporate Actions
On August 20, 2024, Ola Electric Mobility announced the receipt of certification under the PLI Scheme for the automobile and auto component industry. This certification is anticipated to boost the company’s production capabilities and market share, potentially driving the Ola Electric Mobility share price higher by August 26.
Shareholding Pattern (Aug 2024)
- Promoters: 36.78%
- Foreign Institutional Investors (FII): 7.64%
- Domestic Institutional Investors (DII): 6.85%
- Public: 48.73%
Ola Electric Mobility has seen a shift in shareholding patterns, with an increase in public and institutional holdings, reflecting growing confidence in the company’s future prospects.
Expected Ola Electric Mobility Share Price 26 August
- Opening Price: ₹136
- High: ₹160.47
- Low: ₹131.80
- Volume: 58,917,351 shares
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Peer Comparison
Compared to industry peers like Hero MotoCorp Ltd, Ashok Leyland Ltd, and Tata Motors, Ola Electric Mobility is positioned for growth, especially with its focus on electric vehicles.