Markets India
Ola Electric shares surged 7% on Thursday, hitting ₹37 on the BSE amid anticipation for its Q2 FY27 earnings report. Analysts expect a sharp YoY sales decline but improved cost management.
Shares of Ola Electric climbed 7.4% to ₹37 on the Bombay Stock Exchange as investors awaited its quarterly results, with trading volumes reaching 99.8 million shares combined across exchanges. The stock closed at ₹36.19, up 5.08%, reflecting optimism about potential cost-cutting measures.
Analysts project a 26.5% YoY drop in net sales to ₹507 crore for Q2 FY27, though this would mark an 11.5% sequential growth from the previous quarter. EBITDA losses are expected to narrow significantly to ₹140 crore—down from ₹200 crore in Q2 FY26 and ₹170 crore in Q1 FY27.
The earnings report will test Ola's ability to balance declining average selling prices (ASPs) due to a lower product mix with operational efficiency gains. Technical indicators suggest the stock could rally further if it breaks above key resistance levels around ₹38–42, though commodity costs and market competition remain risks.
Ola's board will meet on November 12 to approve Q2 FY27 earnings results, with the report expected later that day.
Investor confidence in Ola Electric hinges on its ability to reduce losses while navigating declining sales and pricing pressures.
Topics: Finance Markets, Automotive Technology, Stock Performance, Cost Management, Financial Reporting
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Source: Business Standard
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