Shares of two-wheeler maker Ola Electric Mobility Ltd sank six percent in early trade on Monday, June 23, after the auto player saw a large trade worth Rs 107 crore.
Around 2.41 crore shares, equaling 0.55 percent of the total equity in the firm, worth Rs 107 crore was exchanged at Rs 44 per share. This comes as a 4.5 percent discount to the previous session's closing price of Rs 46.08 on the NSE.
Moneycontrol could not immediately ascertain the buyers and the sellers in the deal.
At 10.50 am, Ola Electric Mobility's share price was quoting Rs 43.99, lower by 4.5 percent.
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Earlier this month, Hyundai Motor India sold around 14.22 crore shares, which amounts to 3.23 percent equity, exchanged hands at Rs 51.4 per share. As per the March shareholding details, Hyundai Motor India held a 2.47 percent stake in the firm.
The auto firm reported a net loss at Rs 870 crore in the fourth quarter of FY25 as compared to a loss of Rs 416 crore a year ago, weighed down by steep discounts and falling sales.
The electric scooter-maker's revenue from operations fell 62 percent on-year to Rs 611 crore in Q4FY25 from Rs 1,598 crore in Q4FY24. The vehicle registrations dropped over 52 percent on-year to 56,760 units during the quarter under review. The number of deliveries nearly halved to 51,375 units.
The management has said that it is aiming at profitability this year, as well as improvement in margins.
"FY26 will be focused on scaling revenue and operating leverage as we march towards sustainable profitability. With a robust product roadmap, vertical integration and R&D focus, and strong distribution and service infrastructure, we are well positioned to drive the next phase of EV adoption in India across both scooters and motorcycles," the EV-maker said.
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