Ola Electric stock Slips 80% From Peak; Promoter Stake Sale Puts Focus on What’s Next

Synopsis: Ola Electric has slipped near to its all-time low near Rs 34.4, down nearly 80% from its peak of Rs 150, amid promoter selling and weak operating performance. Founder Bhavish Aggarwal sold 9.65 crore shares for Rs 325 crore between December 16 and 18, 2025, to repay a Rs 260 crore promoter-level loan and remove a 3.93% pledge. Even after this, the stock jumped 10% today. Let us see what investors can expect from Ola. 

Ola Electric has slipped to its all-time low, putting the spotlight firmly on founder and promoter Bhavish Aggarwal’s recent stake sale. The back-to-back offloading of shares has rattled investor sentiment and raised fresh questions around promoter intent, confidence, and near-term stability. As the company clarifies that the sale was a one-time move to remove pledge overhang, investors are now asking a bigger question: what lies ahead for Ola Electric from here?

Bhavish’s stake sale

Bhavish Aggarwal executed a series of bulk sell transactions over three consecutive sessions (December 16–18, 2025) on the NSE, selling a combined 9.65 crore shares. The sales were done at progressively lower prices, around Rs 34.99, Rs 33.96, and Rs 31.90, suggesting steady supply into the market rather than a one-off exit. 

In value terms, the cumulative deals work out to roughly Rs 325 crore at an average price of about Rs 33.6 per share. While such promoter-level bulk sales often draw attention, they are disclosed, on-market transactions and need to be viewed in the context of broader stake levels and company developments rather than in isolation.

Why a stake sale at a crucial time? 

The company explained that the recent stake sale by founder and promoter Bhavish Aggarwal was a one-time and limited move aimed purely at cleaning up his personal balance sheet. The sale was done to fully repay a Rs 260 crore promoter-level loan, which will lead to the release of all previously pledged shares, totalling 3.93%. By removing these pledges, the promoter is trying to eliminate a key overhang that often creates unnecessary risk and volatility for investors.

Ola Electric also clarified that the sale does not dilute promoter control, as the promoter group will continue to hold around a 34.6% stake, which remains among the higher levels for new-age listed companies. The transaction was carried out entirely at the promoter’s personal level and has no impact on the company’s operations, governance, or long-term strategy. The management reiterated that the focus remains on running the business with zero pledge overhang and lower leverage, while continuing to build a strong electric mobility and clean energy platform.

Stock performance since the high

In the month of August last year, the shares of Ola were issued at a price of Rs 76 per share. The shares had a decent subscription of 4.45 times but had a bumper listing with an upper circuit at Rs 91.20 and within 10 days had hit a high somewhere around Rs 150. Since then the stock has tumbled, wiping out 80% of investor wealth since the peak; the company is currently trading at a price of Rs 34.4 after a sudden 10% share price jump even after the 3rd consecutive stake sale and is currently trading at a market cap of Rs 15,173 crore. 

The stock had fallen 11% alone in the last two days after the stake sale, but today’s price jump evened it out. Ola Electric’s share price might have rebounded today as investor sentiment improved following clarity on the promoter stake sale. The move helped remove the overhang of pledged shares, easing concerns around potential forced selling. With this key uncertainty addressed, the market responded positively, leading to a short-term recovery in the stock.

Financials and sales volume

The revenue from operations for the company stands at Rs 690 crores in Q2 FY26 compared to Q2 FY25 revenue of Rs 1,214 crores, down by about 43 percent YoY. Similarly, the net loss stood at Rs 418 crore in Q2 FY26, slightly down from Rs 495 crore in Q2 FY25.

The sales volume for the company as of November stands at around 8,400 units, down by 71% from 29,322 units in November 2024, leading to a fifth spot in the two-wheeler EV market. Even after Hero’s late entry into the EV two-wheeler segment, it has still surpassed Ola, with TVS Motor Co. Ltd, Bajaj Auto Ltd, and Ather Energy Ltd being the top 3. 

What can investors expect next?

In the near term, investors in Ola Electric may continue to see some volatility, as the market digests the impact of the Rs 234 crore stake sale over three days by the promoter. Although the company has clearly explained that this was a one-time move to repay a Rs 260 crore promoter-level loan and remove the entire 3.93% pledge, it may take time for sentiment to fully settle. With the promoter group still holding around a 34.6% stake, investors will be closely watching for stability and clarity around any further share sales.

Over the medium to long term, the focus is expected to return to how the business performs on the ground. The removal of the pledge overhang is a positive step and reduces a key risk factor, but a meaningful recovery in the stock will depend on execution and financial performance. Metrics such as vehicle sales, margins, cash burn, and progress toward profitability will matter the most in rebuilding confidence and supporting valuations going forward.

Written by Leon Mendonca

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