Ola Electric Jumps 6% When the February Sales Data Discrepancy is Clarified

After refuting reports of declining sales for February 2025, Ola Electric’s stock price increased by 6%. The business promised that sales would continue to be high and that a backlog would be promptly cleared, attributing registration delays to vendor talks.

Ola Electric Share Price Today:

Following the company’s denial of claims of a sharp decline in sales for February 2025, calling it a “false narrative” and stating that the short-term registration delay resulted from ongoing conversations with vendors, Ola Electric’s share price jumped by 6%. The company stressed that sales are still strong and that the backlog is being cleared off quickly.

According to the exchange filing, Ola Electric said that 40 percent of the February backlog has already been cleared and that daily registrations have exceeded 50 percent of its average daily sales over the previous three months. According to the corporation, by the end of March 2025, the remaining backlog will be fully cleared.

This declaration is a reaction to regulatory agencies’ heightened scrutiny. Ola Electric acknowledged receiving information requests from the Ministry of Road Transport and Highways (March 18) and the Ministry of Heavy Industries (March 11) and questions about trade certifications for sure of its outlets from four states.

Inconsistencies between car registrations on the VAHAN portal and the sales information revealed in its regulatory filing on February 28, 2025, are the specific subject of the inquiries. According to the firm, these questions are being addressed at this time.

This got worse when we ended our agreements with two national suppliers in charge of our registration procedure as part of our plan to increase efficiency and profitability. Since then, there has been a concerted attempt to cause misunderstanding and unwarranted attention. In an exchange statement, the company said, “Our focus remains on efficiently resolving the backlog and continuing to serve our customers with transparency and reliability.”

Today, Ola Electric’s share price began at ₹51.78 each on the BSE; the stock touched an intraday high of ₹55.35 per share and an intraday low of ₹51.35 apiece.

In contrast to the 50-day average, trade volumes surged more than 500% on Tuesday, according to Anshul Jain, Head of Research at Lakshmi Shree Investment and Securities. 5,5 the stock is challenging the declining 20-day EMA; a break above this level would move it closer to the 50-day EMA at 64.

However, the general structure is still weak, indicating that this is not a trend reversal but rather a brief retreat. After the surge subsides, a more significant decline is probably in store, turning the stock from a long-term purchasing opportunity to a purchase strength, Jain continued.