Ola Electric Shares Near 52-Week Low After Bhavish Aggarwal’s Rs. 260 Cr Stake Sale; Shares Down 19% Monthly

Shares of Ola Electric Mobility Ltd are trading close to their 52-week low after founder and promoter Bhavish Aggarwal sold 2.6 crore shares through a bulk deal on Tuesday, December 16. This added pressure on the already weak stock, which has been seeing continued sell-off over the past few weeks.

At the time of writing, Ola Electric shares were trading at Rs. 34.17, down nearly 0.90% in early trade. The stock has fallen more than 19% in the last month and has corrected around 41% in just three months, hovering close to its 52-week low of Rs. 33.

Bhavish Aggarwal Sells 2.6 Crore Ola Electric Shares

According to an official exchange filing, Bhavish Aggarwal undertook a one-time monetisation of a small portion of his personal stake in Ola Electric Mobility Ltd. The sale was executed to fully repay a promoter-level loan amounting to Rs. 260 crore.

The filing clarified that after this transaction, all previously pledged shares, around 3.93%, will be fully released, effectively removing a key overhang on the stock.

Post the bulk deal, the promoter group will continue to hold approximately a 34% stake in Ola Electric, which remains among the highest promoter holdings across new-age listed companies.

Importantly, the company said, "There is no dilution of promoter control, no change in governance, and no impact on Ola Electric's long-term strategy. The transaction has been executed entirely at the promoter's personal level and does not affect the company's operations."

Ola Electric Q2 FY26 Results

Ola Electric's Q2 FY26 financial performance was lacklustre. The company reported a 15.6% QoQ decline in consolidated revenue for the quarter ended September 2025. On a YoY basis, revenue fell sharply by 42.5%, mainly due to softer demand and pricing pressure.

On the cost side, expenses declined 11.3% QoQ and 35.1% YoY, indicating cost rationalisation efforts. However, profitability remained under strain. The company's net profit declined 2.3% QoQ and 15.6% YoY, while earnings per share (EPS) fell to 0.95 in Q2 FY26.

For now, Ola Electric is under close watch as investors are hoping for long-term EV potential. Recovery in the stock will largely depend on improvement in revenue growth and progress toward profitability for the company.

According to the Trendlyne report for Ola Electric Mobility, the consensus share price target is Rs. 35.06, with individual analyst targets ranging from Rs. 33.97 to Rs. 45.88. Based on this outlook, the stock has been given a "Hold" rating.

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