{"id":146491,"date":"2025-03-21T12:33:29","date_gmt":"2025-03-21T07:03:29","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=146491"},"modified":"2025-03-21T12:33:33","modified_gmt":"2025-03-21T07:03:33","slug":"why-did-ola-electric-jump-7-today-check-the-reason","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/why-did-ola-electric-jump-7-today-check-the-reason\/","title":{"rendered":"Why did Ola Electric jump 7% today? Check the reason"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3767182481\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>The shares of one of the leading electric vehicle (EV) manufacturers in India, specializing in the design, manufacturing, and development of electric vehicles (EVs), jumped upto 7 percent after denying regulatory issues, citing registration backlog for February sales discrepancy.<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1697691401\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><h2 class=\"wp-block-heading has-medium-font-size\"><strong>Price action<\/strong><\/h2><p>With a market capitalization of 24,008.15 Crores on Friday, the shares of <strong><a href=\"https:\/\/portal.tradebrains.in\/stocks\/OLAELEC\" target=\"_blank\" rel=\"noreferrer noopener\">Ola Electric Mobility Limited<\/a> <\/strong>jumped upto 7.1 percent making a high of Rs. 55.35 compared to its previous closing price of Rs. 51.66.<\/p><h2 class=\"wp-block-heading has-medium-font-size\"><strong>What Happened&nbsp;<\/strong><\/h2><p><strong>Ola Electric Mobility Limited<\/strong>, engaged in the design, manufacturing, and development of electric vehicles (EVs), was in bullish phase in the day\u2019s trade after clarifying that the low sales numbers for February 2025 were due to a backlog in vehicle registrations, not regulatory issues.<\/p><p>The company emphasized that its sales were strong and that this backlog was not caused by any internal operational issues. Daily registrations had already exceeded 50 percent of the average daily sales over the past three months. As of the latest update, 40 percent of the February backlog had been cleared, with full resolution expected by the end of March 2025.<\/p><div class=\"trade-content_5\" id=\"trade-2914439377\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><h2 class=\"wp-block-heading has-medium-font-size\"><strong>Management Commentary<\/strong><\/h2><p><strong>Aggarwal-led EV manufacturer stated: <\/strong>This is a straightforward case of a temporary registration backlog, yet certain media outlets and vested interests have deliberately misrepresented it as a regulatory issue through misinformation and smear campaigns.<\/p><h2 class=\"wp-block-heading has-medium-font-size\"><strong>About the Company<\/strong><\/h2><p>Ola Electric Mobility is an Indian electric vehicle (EV) manufacturer focused on providing sustainable, eco-friendly transportation solutions. The company, a subsidiary of Ola Group, produces electric scooters and aims to revolutionize the Indian mobility market with cutting-edge technology and a robust charging infrastructure.<\/p><h2 class=\"wp-block-heading has-medium-font-size\"><strong>Recent Launches<\/strong><\/h2><p>Ola Electric has launched its new electric motorcycle series, the Roadster, featuring models like the Roadster X and Roadster X+, with prices starting at Rs. 84,999 and Rs. 1,14,999 respectively. The company unveiled these production-ready models on February 5, 2025, aiming to expand its electric vehicle lineup beyond scooters.<\/p><h2 class=\"wp-block-heading has-medium-font-size\"><strong>Financials&nbsp;<\/strong><\/h2><p>The company&#8217;s revenue declined by 14.5 percent from Rs. 1,371 crore to Rs. 1,172 crore in Q3FY24-25. Meanwhile, Net loss increased from Rs. 376 crore to Rs. 564 crore during the same period.<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written by Sridhar J<\/strong><\/p><\/blockquote><p class=\"has-medium-font-size\"><strong>Disclaimer<\/strong><\/p><div class=\"wp-block-image\"><figure class=\"aligncenter size-medium\"><img decoding=\"async\" width=\"300\" height=\"300\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/warning-disclaimer-300x300.png\" alt=\"\" class=\"wp-image-26306\"\/><\/figure><\/div><p><strong>The views and investment tips expressed by investment experts\/broking houses\/rating agencies on <a href=\"http:\/\/tradebrains.in\/\">tradebrains.in<\/a> are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing<\/strong>.<\/p><div class=\"trade-content-10\" id=\"trade-1337221821\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_3_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"2969612066\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><div class=\"trade-after-content\" id=\"trade-3610592691\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>The shares of one of the leading electric vehicle (EV) manufacturers in India, specializing in the design, manufacturing, and development of electric vehicles (EVs), jumped upto 7 percent after denying regulatory issues, citing registration backlog for February sales discrepancy. Price action With a market capitalization of 24,008.15 Crores on Friday, the shares of Ola Electric [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":141862,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[31,1789],"tags":[23560,21516,27203,21515,948,936,2597],"class_list":["post-146491","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-ola-electric-mobility","tag-ola-electric-mobility-latest-news","tag-ola-electric-mobility-limited","tag-ola-electric-mobility-share-price","tag-stock-market","tag-stock-market-news","tag-stocks-to-watch"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Why did Ola Electric jump 7% today? 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