OLA Electric vs Ather Energy Shares: Which EV bets now looks stronger for your portfolio?

In less than five months, the shares of Ather Energy have risen more than 66% from their listing prize, while Rival Ola Electric Mobility has paid almost a quarter of its value since his debut last year. Both companies race to dominate the fast -growing electric two -wheelers market in India, but their diverse share cards and financial results force investors now to ask: what does a place in their portfolios deserve?

The shares of Ather Energy, mentioned on RS 326.05 on 6 May this year at an IPO price of RS 321, closed on RS 542.55 on 12 September. That marks a profit of around 66.4% in just four months. OLA Electric Mobility, who debuted on August 9, 2024, on RS 76 a share and RS 88.5 on the list day, has, on the other hand, lost ground. The stock was on RS 58.90 on September 12, about 22.5% compared to the IPO price.

Despite its lower price per share, OLA recommends a larger market capitalization on RS 25,181 Crore, compared to Ather’s RS 20.272 Crore, which reflects its scale and larger outstanding shares.

Mixed financial image

The most recent quarterly results emphasize the contrast. Ather reported a net loss of RS 178 Crore for April -Juni, narrower than the RS 183 Crore loss a year earlier. Turnover from operations increased almost 79% on an annual basis to RS 645 Crore, while the sale of unity almost doubled to 46,000. The company also reported a strong improvement in the EBITDA margin to 16%, compared to negative 33% a year ago. In the meantime, OLA reported a wider consolidated net loss of RS 428 Crore in the same quarter, against RS 347 Crore last year. Turnover halved to RS 828 Crore, a year earlier against RS 1,644 Crore, although the company succeeded in reducing the costs by 42% to RS 1,065 Crore. Nevertheless, the EBITDA margin deteriorated a year earlier to -28.6% of -12.5%.

Analysts divided

Shrikant Chouhan, head of stock examination at Kotak Securities said: “For OLA we have an objective of RS 30 for 12 months.” On technicalities he said: “For ather support exists on 510 and 480. Resistance exists on 590 and 660. For OLA support exists on 55 and 50. Resistance exists on 63 and 69.”

He also noticed that the map setups will vary. “For the ther, the trend is strong, it forms a series of higher upper and higher soil, which is bullish for it. Because the Ola trend is mild bullish, it is in the withdrawal mode, which restores the recent sale that the shares have seen from the highlights of 157.40.” Chouhan added that OLA is profitable. “Ola, we expect the net losses to continue in FY26 and FY27.”

Ather’s Momentum, Ola’s headwind

Drumil Vithlani, technical research analyst at Bonanza, said that Ather stays in a “strong upward trend with price that is comfortable on the top and medium term EMAs.” Vithlani pointed to upward upward goals of RS 560-575, while warning that “corrections of 10-15% are normal in these phases.”

For Ola, Bonanza’s Sr. Technical Research Analyst Kunal Kamble: “Ola Electric witnesses profit booking, with decreases probably in the direction of RS 55, where the 21-EGM is placed, followed by RS 50.38, where the 50-eth is positioned.” He advised waiting for the stock above RS 62.05 to consider new long positions, which “could open the path for an Upmove to RS 80.”

Kunal V Parar, VP of technical research and Algo at Choice Broking, said Ola’s long -term graph still shows room for recovery but risks marked. “A candlestick pattern of the dark cloud cover has been created, indicating the possibility of a short-term correction.” Parar expects that the stock can slip to RS 48 before it bound to the range of 70-80, with a strictly stop loss at 40.

Regulatory tilt

About Sectoral Dynamics, Khushi Dispry, research analyst at Bonanza, said that “recent policy movements now offer clearer, in the short term benefits for OLA Electric versus ather Energy. Be eligible for stimuli that management says that the margins will strengthen Q2FY26.”

Mistry said that Ather is placed less favorably. “Ather’s CEO Tarun Mehta has publicly urged an assessment of the car pli-framework, whereby some design characteristics exclude important EV-makers and limit their access to incentives. Finally, with GST Relief and Ola’s Pli’s Pli fitness that improves the cost profile in the short term.”

Investor collection meals

Both companies remain high-growing EV bets. The shares of Ather have risen na-ipo on strong revenue growth and margin winsts, while the shares of Ola have slid since the debut in the midst of larger losses. For investors who weigh exposure, the choice comes to the question of whether Ather’s Premium Positioning and Momentum, or the scale of OLA and policy tail.

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(Disclaimer: recommendations, suggestions, views and opinions of the experts are their own. These do not represent the views of economic times)