The transaction, which triggered sharp intraday volatility, came amid sustained pressure on the stock and ongoing concerns about the company’s financial performance.
According to ET Now, Ola Electric shares witnessed a block deal involving 3.2% equity. Meanwhile, CNBC-TV18 reported that 14.22 crore shares, amounting to 3.23% of the company’s equity and worth Rs 731 crore, changed hands at Rs 51.4 per share.
Citing unnamed sources, CNBC-TV18 also reported, “Hyundai is likely the seller in the Ola Electric block deal.”
The stock has been under sustained selling pressure in recent months. Shares have declined 46% over the past six months, 11.4% in the last three months, and 4.1% in the past week, though they have risen 3.7% over the past month.
Weak Q4 earnings
The sell-off comes on the heels of disappointing quarterly results. On Thursday, Ola Electric reported a consolidated net loss of Rs 870 crore for the quarter ended March 2025, widening from Rs 416 crore in the same period last year. Revenue from operations dropped sharply to Rs 611 crore, down from Rs 1,598 crore in the year-ago quarter, the company said in a regulatory filing.For the full financial year, the company posted a net loss of Rs 2,276 crore, compared with Rs 1,584 crore in FY24. Operating revenue declined to Rs 4,514 crore from Rs 5,010 crore a year earlier.Despite the weak numbers, Ola Electric reaffirmed its commitment to turning profitable. “FY26 will be focused on scaling revenue and operating leverage as the company marches towards sustainable profitability,” it said.
The company added that its gross margins improved by 38% in FY25, and that Q1 FY26 has shown a 10-percentage-point improvement in gross margins over Q4 FY25.
Technical indicators mixed
From a technical standpoint, Ola Electric’s stock is currently trading below five of its eight key simple moving averages (SMAs) — including the 5-day, 10-day, 100-day, 150-day, and 200-day SMAs — indicating bearish undertones across short- to long-term charts.
The Relative Strength Index (RSI) stands at 57.7, suggesting the stock is neither overbought nor oversold. Meanwhile, the Moving Average Convergence Divergence (MACD) is at 0.4 and remains above both the center and signal lines, reinforcing an ongoing bullish trend.
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