00:00The next stock which I am going to discuss is Ola Electric, which has been added to the stock auto
00:05sector, but there is a lot of news.
00:08Larson and Tubro will also discuss the news, but Ola Electric's news is updated, so I will take it quickly.
00:14Bombay Stock Exchange has become a stock exchange for this time.
00:17However, BSE has taken 75 stocks with 75 other stocks, and the circuit limit has dropped.
00:29But this stock is looking at a lot of pressure.
00:32There is a good movement to see after a week on Ola Electric.
00:37When the auto numbers came, Ola Electric had a positive response, a positive trigger.
00:43Ola Electric has done good sales.
00:45The numbers which presented its earnings and sales were better.
00:49But today, the stock pressure is in the stock market, because it should not be seen as regulatory action.
00:54It should not look at the stock market, which is the most of its hype, which is the highest price.
01:06The price of Ola Electric has been reached, to the price level, it is 38.
01:11The stock has reached its start of 6% of the stock.
01:15starting session in the beginning of 1-2 hours, if Ola Electric is falling down,
01:21as much as the last week Niveshik has been falling down, everything is falling down.
01:26What is the long-term view of Ola Electric?
01:30Niveshak, every time, Harshan.
01:33I think Ola Electric was released,
01:35since Ola Electric is in a downtrend,
01:39and overall, if you look at it,
01:41there is also a lot of buying.
01:44I was looking Ola Electric,
01:47yesterday I was studying Ola Electric.
01:48Now, if you look at it,
01:50I think Ola Electric is 70% up,
01:537-0,
01:54and 10%, 15%, 20%,
01:57and it goes up.
01:59So, I was studying it,
02:00and if you look at it, it is 6% down.
02:02So, I would always consider this as a profit booking,
02:06because overall, if you look at it, it is up.
02:34And at this point of time,
02:46if you look at it,
02:49I think,
02:51if you look at it,
02:51I think,
02:5270% move in the past 10-15 days,
02:53then,
02:54then,
02:55the last 10-15 days,
02:57and the last 10 days,
02:57even the next 10-20 days,
02:57there is a lot of good buying.
02:58And the last 10 days,
02:58there are a lot of good buying items.
03:00But,
03:00if you look at it,
03:015-months,
03:02or 6-months,
03:03and the next 10 days,
03:04it is in a constant downtrend.
03:06I think volumes have picked up auto, two wheeler demand is greater than the four wheeler demand, so that means
03:13that people are shifting more towards two wheeler, the rural demand is picking up, but do people now go to
03:19OLA, because OLA has created a very negative impression in the market,
03:45so it was sold very heavily, so it became a value, so it became a value, that company has its
03:51business value,
03:51so it became a value, so it became a value, and I think it got it back to the level,
03:58I think 36 rupiah, I think it was about 90, 90, I am not really sure,
04:05because its fundamentals in the growth, you can say that OLA was in the oversold zone, its relief rally,
04:12you can see that as well, you can see that in the quarter four, quarter one, you can see the
04:17results,
04:17and you can see the volume sales, it can be that, if that is happening, then OLA can enter into
04:28a structural uter,
04:29But overall, if the fundamentals improve, the fundamentals of the company's perception, Ola's perception is that in their cars, there
04:39is no after-sales service, the car is closed, the car is closed, anybody would not want to buy that.
04:45Plus, India has not reached that stage where you have EV charging. Of course, in tier 1 cities like Mumbai,
04:52Delhi, you might need charging stations. But in tier 2 cities, I don't think, the maximum two-wheeler demand.
04:59They are tier 2 and tier 3 cities. And I don't think that people have still adopted the EV culture
05:03out there.
05:04So overall, just in this case, the fundamental and most importantly, perception change is not coming.
05:10Until I think Ola is not going to give you those multi-bagger returns from here.
05:14The move is coming, it is coming. You should observe it, monitor it and don't let the move grow.
Comments