Key Highlights
- Between August and September, the stock had staged a brief recovery, rising 31% in August—its biggest monthly gain on record.
- However, the rally was short-lived, as the shares ended the last two months with double-digit losses.
- Investor sentiment toward the Bhavish Aggarwal-led company weakened following its revised sales guidance, signaling a challenging road ahead.
- Intensifying competition in the electric two-wheeler segment in recent years has led OLA to lose significant market share, after once being a dominant player.
- As company sales remain weak, it has also shifted focus to its Battery Energy Storage System (BESS), launching Ola Shakti, designed for homes and capable of powering air conditioners, refrigerators, induction cookers, farm pumps, and communication equipment.
