Ola Electric Continues Its Rally, Stock Climbs More Than 7% in Afternoon Trade

Mumbai, August 28 – Ola Electric Mobility Limited (NSE: OLAELEC, BSE: 544225) shares continued their up move for a second consecutive session on Thursday, appreciating over 7% in the afternoon trade. The stock was trading 7.81% higher at ₹54.77, as against the last close of ₹50.82, at 12:13 p.m. IST. The stock hit an intraday high of ₹55.75 and an intraday low of ₹51.15, with continuous buying interest observed on volumes.

Market Snapshot

Approximately 7.66 crore shares were traded in the initial trade, exchange data revealed. The volume-weighted average price (VWAP) of the stock was at ₹51.94, which indicated high activity. Ola Electric’s market capitalisation increased to ₹23,134.80 crore from ₹22,239.40 crore two sessions ago. The stock has gone up by almost 8% over the past two days, indicating enhanced investor confidence following recent announcements.

Regulatory Boost from PLI Certification

The latest rally follows Ola Electric obtaining PLI (Production Linked Incentive) certification for its Gen 3 electric scooter lineup. The certification makes it eligible to get government incentives of 13-18% of sales value up to 2028, vastly enhancing its cost structure. Analysts opined the advantage would start impacting from Q2 FY26, supporting operating margins and overall profit.

Product Pipeline Expands

Aiding the optimism, Ola Electric announced new electric two-wheelers this week, namely the S1 Pro Sport (5.2 kWh), S1 Pro+ (5.2 kWh), and the top-end Roadster X+ (9.1 kWh). Launches of the S1 series are planned during Navratri 2025, and that of the Roadster X+ is to take place in January 2026. The widened lineup, according to analysts, is bolstering Ola’s position in India’s rapidly expanding EV segment, which sees increasing adoption with government-friendly policies and consumer appetite.

Investor Outlook

With the stock gaining traction, market observers are bullish on the near-term growth path of Ola Electric. The synergy between PLI-associated cost benefits and new model introductions would likely drive higher sales volumes in the subsequent quarters. Nevertheless, analysts warned that execution on delivery schedules and early demand patterns for new models would be crucial drivers of stock performance.

So far, the firm’s enhanced regulatory clarity and product growth have boosted sentiment, with Ola Electric becoming one of the more actively traded EV counters on the bourses this week.

REF: https://nsearchives.nseindia.com/corporate/OLAELECTRIC_26082025093952_Intimation_Press_Release_OEM.pdf

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