Ola Electric Shares Rally 86% From March Lows
· Automobile · Economic Times
Ola Electric shares rose nearly 10% on Wednesday, extending a three-day rally and pushing the company's market capitalisation above Rs 19,000 crore. The stock has gained over 86% since hitting a record low in March 2026, though it remains below its August 2024 IPO debut price. Despite the recent recovery, brokerages maintain a cautious outlook due to lower margins, weak trading volumes, and ongoing cash burn. The company reported a reduced net loss of Rs 336 crore for Q1 FY27, even as operational revenue declined by 45% year-on-year. Strong sales data and government PLI incentives have contributed to the recent investor confidence in the EV scooter-maker.
Why it matters
The stock's volatility directly impacts retail investors who entered during the IPO, while the company's ability to balance cash burn with sales growth remains a critical indicator for the broader Indian electric vehicle sector.
Read the original report — Economic Times
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