Ola Electric shares have slipped around 8% over the past two trading sessions amid profit booking, after a strong rally driven by better sequential earnings and an optimistic FY26 guidance. As of 10:58 AM, the shares were trading 2.61% lower at Rs 42.95.
On Wednesday, the stock opened and hit a high of ₹44.48, before dipping to a low of ₹42.61. The stock remains far below its 52-week high of ₹157.40, though still above its 52-week low of ₹39.60.
The recent rally, nearly 20%, was sparked after the EV maker projected robust FY26 guidance, including expected gross margins of 35–40% supported by the PLI scheme. Ola Electric anticipates sales volumes between 3.25 and 3.75 lakh units and revenue in the range of ₹4,200–4,700 crore, despite forecasting a narrow revenue growth band of -7% to +4%.
Adding to investor optimism, the company also announced the start of production for its in-house 4680 battery cells, with first deliveries expected around Navratri.
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