Ola Electric Shares Surge 36% Amid Positive Developments
Ola Electric climbs on strong momentum, rises 36% in three sessions
Business Standard
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Ola Electric Mobility's shares rose by 36% over three sessions, reaching ₹39.14. This surge follows the announcement of a new battery cell and improved operational metrics, including a 150% increase in registrations month-on-month. Despite a widening net loss, investor sentiment has improved significantly.
- 01Ola Electric's shares increased by 36% in three sessions.
- 02The company introduced a new battery cell, enhancing its innovation strategy.
- 03Registrations of electric vehicles surged over 150% month-on-month in March 2026.
- 04Ola Electric became the first EV manufacturer in India to surpass 1 million cumulative registrations.
- 05Despite operational challenges, investor sentiment has notably improved.
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Ola Electric Mobility's shares jumped 7.71% to ₹39.14, marking a 35.86% increase over the last three sessions and an impressive 84.54% rise from its record low of ₹21.21 on March 2, 2026. This surge in stock price reflects a significant improvement in investor sentiment, driven by several positive developments. The company announced the readiness of its new 46100 format LFP battery cell, a key milestone in its battery innovation roadmap. Additionally, Ola Electric is expanding its gigafactory operations and increasing battery manufacturing capacity, which has led to cost efficiencies and a reduction in prices for its flagship Roadster X+ 9.1 kWh electric motorcycle. Operationally, Ola Electric reported a recovery in demand, with registrations rising over 150% month-on-month to 10,117 units in March 2026, and daily orders exceeding 1,000 units in the final week of the month. The company also reached a significant milestone by crossing 1 million cumulative registrations, becoming the first electric vehicle manufacturer in India to achieve this, according to VAHAN data. However, despite these positive trends, Ola Electric's net loss widened to ₹487 crore in Q3 FY26 from ₹418 crore in Q3 FY25, with revenue from operations declining 55% year-on-year to ₹470 crore from ₹1,045 crore.
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The surge in Ola Electric's stock price may boost investor confidence in the electric vehicle sector in India, potentially leading to increased investments and job creation in the industry.
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