Vodafone Idea, Fineotex Chemical, Ola Electric, Apollo Micro Systems among most traded stocks on NSE today, 20 May 2026 The Indian stock market experienced volatility during intraday trading on Wednesday, 20 May 2026, as benchmark indices—the Sensex and the Nifty 50—dropped by nearly 1% each. The market's movement was influenced by conflicting geopolitical signals and lingering uncertainties surrounding the resolution of the West Asian conflict. However, hopes for a potential US-Iran peace agreement gained momentum, leading to a decline in crude oil prices after US President Donald Trump indicated that a war with Iran would soon conclude. Despite this, cautious sentiment persisted due to the rupee's weakness and elevated global bond yields. Global equity markets faced headwinds from rising bond yields, with the US 10-year yield at 4.66% and the 30-year yield reaching 5.19%, the highest level in 22 years. VK Vijayakumar, Chief Investment Strategist at Geojit Investments, warned that these trends posed a significant challenge to equity markets. Among the most actively traded stocks on the National Stock Exchange (NSE) were Vodafone Idea, Fineotex Chemical, Ola Electric Mobility, Apollo Micro Systems, Tata Gold Exchange Traded Fund, Tata Silver Exchange Traded Fund, BLS International Services, YES Bank, Tata Steel, Jaiprakash Power Ventures (JP Power), Filatex Fashions, and Zee Entertainment Enterprises. Additional notable stocks included GMR Airports, Suzlon Energy, HFCL, Viyash Scientific, GTL Infrastructure, Bharat Electronics (BEL), Godawari Power and Ispat, and Vedanta. Vodafone Idea saw over 40 crore shares traded by 11 am, with the telecom stock rising 1% during the session.#ola_electric #apollo_micro_systems #vodafone_idea #fineotex_chemical #tata_gold_etf
Ola Electric FY26 Loss ₹1,833 Cr | Share Drops 29% | Q4 Loss ₹500 Cr Ola Electric, the electric vehicle company, reported its financial results for the fiscal year ending March 31, 2026, revealing a significant loss of ₹1,833 crore for the full year. The company also announced a sharp decline in its share price, dropping by 29% in a single year. The fourth quarter (Q4) of FY26 saw a loss of ₹500 crore, marking a notable shift in its financial trajectory. The company’s quarterly loss for March 2026 stood at ₹500 crore, a reduction of 42.5% compared to the same period in the previous fiscal year, which had recorded a loss of ₹870 crore. However, despite this improvement, the company’s financial position weakened compared to the previous quarter. The loss for the March quarter increased by 2.7% compared to the December quarter, which had reported a loss of ₹487 crore. Operational revenue for the March quarter dropped by 56.6% year-on-year, settling at ₹265 crore, down from ₹611 crore in the same period of the previous year. Total revenue for the quarter also fell sharply, declining by 58.2% to ₹304 crore from ₹728 crore in the corresponding quarter of FY25. Meanwhile, the company managed to cut its total expenses by 58.2%, with costs for the March quarter at ₹546 crore, compared to ₹1,306 crore in the same period last year. For the full fiscal year 2025-26, Ola Electric’s operational revenue fell by 50.1% year-on-year, dropping to ₹2,253 crore from ₹4,514 crore in FY25. However, the net loss for the full year was reduced to ₹1,833 crore, a 19.5% decrease from the previous year’s ₹2,276 crore. The company’s total expenses for the year also declined significantly, falling to ₹3,245 crore from ₹6,253 crore in FY25.#bengaluru #ola_electric #ola_future_factory #qualified_institutional_placement #qip
India's Electric Two-Wheeler Market Slumps in April Amid Shift in Market Dynamics India's electric two-wheeler (e2W) market experienced a notable decline in April 2026, with registrations dropping 22% compared to March, according to data from the government-backed platform Vahan. The total number of units registered in April fell to 1.48 lakh (148,000) from 1.92 lakh (192,000) in March, marking a sharp correction after a strong month of sales. This decline followed a robust fiscal year 2026 (FY26) growth period, during which the e2W market expanded by approximately 22% year-on-year, driven by legacy automakers and aggressive sales strategies. Market leaders TVS Motor and Bajaj Auto maintained their positions in the top two spots but faced significant challenges. TVS Motor, which registered 37,661 units in April, saw a 24% month-on-month drop in sales, pushing its market share down to 25.33% from its previous level. Bajaj Auto, meanwhile, reported an even steeper decline, with registrations falling nearly 29% to 32,883 units. This marked a sharp reversal from March's performance, which had been bolstered by promotional tactics such as discounts, cashbacks, and financial schemes. Ola Electric emerged as a standout performer in the sector, despite the overall market slowdown. The company's sales surged by over 20% in April, reaching 12,166 units, which translated to an improved market share of 8.18% compared to 5.4% in March. This growth positioned Ola as a key player in the evolving landscape of the e2W market, particularly as legacy automakers faced headwinds. The April slowdown also affected other major players. Hero MotoCorp, which had been a consistent fourth-place finisher, saw its sales drop by 29% to 15,230 units. Greaves Electric Mobility, another key competitor, reported a 13.#india #tvs_motor #ola_electric #bajaj_auto #vahan
Indian Electric 2-Wheeler OEMs Open FY2027 with Record Sales Surge The Indian electric two-wheeler (e-2W) market kicked off FY2027 with a strong performance, as the top four OEMs—TVS Motor Co, Bajaj Auto, Ather Energy, and Hero Vida—registered robust growth, collectively capturing 76% of April 2026’s retail sales. Total e-2W deliveries in April reached 148,677 units, marking a 61% year-over-year (YoY) increase compared to April 2025 (92,536 units). This figure ranks as the second-highest monthly sales in the current fiscal year, trailing only March 2026’s 192,343 units. Market leader TVS Motor Co led the charge, selling 37,661 units in April 2026, a 96% YoY jump from 19,176 units in the same period last year. This performance secured TVS a 25% market share for the month, its second-highest monthly tally. The company’s strategic shift to Battery-As-A-Service (BaaS) has played a key role in driving demand, reducing upfront costs and offering long-term battery assurance. The iQube model remained the top seller, while the Orbiter V1, launched in February 2026 at Rs 84,500 (ex-showroom Delhi) and Rs 49,999 (with BaaS), saw growing traction. Bajaj Auto followed closely, delivering 32,883 Chetak e-scooters in April 2026, a 72% YoY rise from 19,162 units in April 2025. This performance gave the Pune-based company a 22% market share, its third-highest monthly score after March 2026 (46,544 units) and March 2025 (35,215 units). Ather Energy, the third-ranked OEM, sold 27,024 units in April 2026, a 103% YoY increase from 13,332 units in April 2025. This marked the company’s second-highest monthly total and its sixth instance of exceeding 20,000 units sold in a single month. The EV start-up, which surpassed 600,000 cumulative retail sales recently, is now eyeing the No. 2 position in the market.#ola_electric #bajaj_auto #ather_energy #tvsmotor_co #hero_vida
Ola Electric plans Rs 2,000 crore fundraise for battery arm Ola Electric has initiated a plan to raise up to Rs 2,000 crore by selling a stake in its battery division, Ola Cell Technologies (OCT). OCT operates a lithium-ion cell manufacturing plant in Tamil Nadu with an initial operational capacity of 1.5 GWh, aiming to expand to 6 GWh by the end of the current financial year. The fundraising process is being managed by investment banks Avendus and Motilal Oswal. The move aligns with Ola Electric’s broader strategy to restructure its operations and strengthen its financial position as it works toward a business turnaround. The stake sale is expected to influence the market valuation of OCT, a critical asset in India’s battery infrastructure. The unique nature of OCT’s assets has attracted interest from financial investors, including sovereign wealth funds. The company’s gigafactory, which required an upfront investment of Rs 3,500 crore, represents a major step in localizing battery cell production in India. This initiative is vital as the country seeks to reduce reliance on imported cells and build a domestic electric vehicle (EV) supply chain. The gigafactory will also support energy storage solutions beyond the two-wheeler market, catering to industries requiring storage for renewable energy. Ola’s Battery Innovation Centre, part of OCT, employs over 200 executives from global corporations and holds nearly 400 patents. Its research spans multiple cell chemistries, including NMC, LFP, LMFP, and LMR, as well as various form factors like cylindrical, prismatic, and solid-state cells. India’s push toward 50% renewable energy by 2030 highlights the need for efficient storage solutions to balance electricity generation and consumption.#tamil_nadu #motilal_oswal #ola_electric #ola_cell_technologies #avendus
Ola Electric to raise ₹2,000cr by selling minority stake Ola Electric is seeking to strengthen its financial position by securing ₹2,000 crore through the sale of a minority stake in its battery subsidiary, Ola Cell Technologies (OCT). This strategic move comes amid declining electric scooter sales and intensifying competition in the market. The fundraising initiative, led by financial advisors Avendus and Motilal Oswal, has already attracted interest from major investors, including sovereign wealth funds, due to OCT’s growing significance in the company’s operations. OCT operates India’s first gigafactory in Tamil Nadu, marking a critical step toward reducing the nation’s reliance on imported lithium-ion cells. The facility currently has an operational capacity of 1.5 GWh and is projected to expand to 6 GWh by the end of the current financial year, which concludes on March 31, 2026. This expansion aligns with India’s broader goals of advancing self-reliance in electric vehicle (EV) technology. Additionally, Ola’s Battery Innovation Center has developed nearly 400 patents and has started producing advanced Bharat Cells, underscoring the company’s commitment to leading local battery innovation. The decision to raise capital through a minority stake reflects Ola’s efforts to navigate challenges in the EV sector, where demand for electric scooters has slowed and competition has intensified. By leveraging OCT’s capabilities, Ola aims to solidify its position in the market while supporting India’s transition to sustainable transportation. The fundraising also highlights the growing importance of domestic battery manufacturing, as companies seek to minimize dependency on global supply chains and capitalize on the country’s push for green energy solutions.#tamil_nadu #motilal_oswal #ola_electric #ola_cell_technologies #avendus
Ola Electric to Raise Rs 2,000 Crore for Battery Arm Ola Cell Technologies Ola Electric, the electric two-wheeler maker, plans to raise up to Rs 2,000 crore by selling a minority stake in its battery arm, Ola Cell Technologies (OCT). The fundraising effort, which involves financial investors, comes as the company seeks to restructure operations, strengthen its balance sheet, and regain market share amid a decline in electric two-wheeler sales. The move is part of broader efforts to stabilize its business and position itself for long-term growth. Ola Cell Technologies, which operates India’s first gigafactory in Krishnagiri, Tamil Nadu, is central to the company’s strategy. The facility, with an initial investment of Rs 3,500 crore, has 1.5 GWh of operational capacity and aims to scale to 6 GWh by the end of the financial year. The gigafactory is a key step toward localizing battery cell manufacturing in India, reducing reliance on imports and supporting the development of a domestic electric vehicle (EV) supply chain. It also supports energy storage systems across industries beyond two-wheelers. The fundraising process is being managed by investment banks Avendus and Motilal Oswal. The stake sale is expected to determine the market valuation of OCT, a critical asset attracting interest from financial investors, including sovereign wealth funds. Ola Electric’s founder, Bhavish Aggarwal, has emphasized the company’s focus on battery innovation, stating that its vision is to integrate the entire energy storage supply chain. Ola’s restructuring efforts include layoffs of 5% of its workforce and a push for automation to build a "leaner organisation.#tamil_nadu #ola_electric #ola_cell_technologies #krishnagiri #avendus
