Archive · 23 Sep 2026
Ola Electric Shares Surge 12% as Investors Weigh Outlook
Ola Electric shares rose sharply during trading on 23 September.
The stock reached ₹42.32 after opening at ₹38.16.
It has gained nearly 80% in the past six months.
Investors are encouraged by new products and the company’s expansion of dealer-led stores.
Some investors also expect the electric two-wheeler market to grow strongly.
However, Ola Electric’s revenue dropped 45% in the latest reported quarter.
Its losses became smaller, but its operating cash flow turned negative.
Analysts say the stock is moving between ₹36 and ₹43.
They suggest waiting for a clear move above ₹43 before making fresh purchases.
Ola Electric Mobility shares rose as much as 12% to ₹42.32 on the BSE on Wednesday, 23 September.
The stock has gained nearly 80% in six months and almost 12% year-to-date.
Recent product launches, dealer-led store expansion and expectations for electric two-wheeler growth have supported the rally.
For the quarter ended 30 June 2026, revenue fell 45% year-on-year to ₹455 crore, while net loss narrowed to ₹336 crore.
Technical analysts recommend holding existing positions and considering fresh buying only if the stock breaks and sustains above ₹43.
- Who
- Ola Electric Mobility and its investors, analysts and network partners.
- What
- Ola Electric shares jumped as much as 12%, extending a rally of nearly 80% over six months.
- When
- Wednesday, 23 September; the latest reported quarter ended 30 June 2026.
- Where
- On the BSE; the company’s initial network-partner stores opened across Rajasthan, Tamil Nadu, Maharashtra, Bihar, Telangana, Uttar Pradesh and Madhya Pradesh.
- Why
- The rise was linked to new product launches, business expansion news and expectations of stronger electric two-wheeler demand.
Bullish View
Cautious View
Business growth
Bullish View
New product launches, dealer-led store expansion, recovering market share and anticipated growth in electric two-wheelers could support the stock.
Cautious View
Revenue still declined 45% year-on-year, adjusted EBITDA remained negative at ₹195 crore, and operating cash flow fell to negative ₹215 crore.
Stock outlook
Bullish View
Globe Capital Market said a breakout and sustained move above ₹43 could take the stock toward ₹50, recommending that traders hold existing long positions.
Cautious View
Technical experts advise waiting for a confirmed breakout from the ₹36–₹43 congestion zone before initiating fresh buying.
Turnaround prospects
Bullish View
Gigafactory expansion, merchant cell sales and a ₹1,500 crore fundraise were identified as potential turnaround triggers.
Cautious View
Bonanza’s Nitant Darekar said the rally reflects a turnaround story rather than a recovery in earnings, with breakeven dependent on continued volume growth.
- Intraday high
- ₹42.32
- Previous close
- ₹37.78
- Six-month performance
- Nearly 80% gain
- Year-to-date performance
- Nearly 12% gain
- Latest quarterly revenue
- ₹455 crore, down 45% year-on-year
- Latest quarterly net loss
- ₹336 crore, compared with ₹428 crore a year earlier
- Technical trading range
- ₹36–₹43 since July 2026