Market Update: Ola Electric Mobility Ltd. Date: January 6, 2026 Subject: Intraday Volatility, Volume Surge, and Operational Recovery Trends

1. Price Action & Technical Context Ola Electric Mobility Ltd. witnessed significant profit-booking on Tuesday, correcting approximately 8% from intraday highs and snapping a strong three-session winning streak that had yielded a 22% rally. Despite the recent short-term recovery, the broader trend remains bearish; the stock is currently trading roughly 44% below its IPO issue price of ₹76 and has eroded ~73% of value from its post-listing peak of ₹157. Following this decline, the company's market capitalization has slipped below the ₹19,000 crore threshold. 2. Volume Dynamics The counter displayed heightened participation, with approximately 19.35 crore shares changing hands by 12:15 PM. This volume profile is statistically significant, standing well above the 20-day moving average of 7.34 crore shares for the corresponding time period, indicating intense churn between short-term traders and longer-term holders. 3. Operational Performance (VAHAN Data) On the fundamental side, recent registration data suggests a recovery in demand, driven by the company's "Hyperservice" initiative aimed at improving after-sales support: December Registrations: 9,020 units. Market Share: Expanded to 9.3% in December (up from 7.2% in November 2025). Notably, the company reported an exit market share nearing 12% in the second half of the month, signalling improving momentum. 4. Financial Guidance Revision Investors must factor in the revised forward guidance provided at the end of Q2, which reflects a more conservative outlook for the fiscal year: Revenue Guidance: Lowered to ₹3,000–₹3,200 crore, a sharp revision from the earlier projection of ₹4,200–₹4,700 crore. Margin Outlook: Auto business margins are now guided at ~5%, down from the previous target of >5%.