Ola Electric has experienced a remarkable 70% surge in its stock price in April, driven by a significant increase in vehicle registrations from 3,973 units in February to 10,117 units in March. This rebound follows a challenging six-month period during which the company's stock lost 85% of its value, reaching a low of ₹21.21 per share. Investors are optimistic as daily orders surpassed 1,000 units in the last week of March, suggesting a stabilization in demand. However, despite this recovery, analysts are more bullish on Ather Energy, which has seen its shares rise 19% in April and 18% in 2026. Ather's consistent performance and narrowing losses—from ₹154 crore in Q2FY26 to ₹85 crore in Q3FY26—highlight its operational excellence compared to Ola, which reported a net loss of ₹487 crore in its last quarter. Analysts caution investors about the high valuations of both companies and recommend a careful approach to investing in the evolving electric vehicle market, where competition and policy uncertainties pose risks.