Ola Electric Mobility Ltd. (NSE: OLAELEC) shares surged sharply in today’s trade, gaining more than 11% as investors showed strong buying interest. The stock traded at ₹60.08, up by ₹6.03 compared to the previous close of ₹54.05.
The rally comes amid renewed optimism in the electric vehicle (EV) segment, where Ola Electric has positioned itself as a market leader in India’s two-wheeler EV space.
Ola Electric Share Price Performance
- Current Price: ₹60.08 (+₹6.03 | +11.16%)
- Previous Close: ₹54.05
- Opening Price: ₹55.20
- Day’s Range: ₹54.50 – ₹61.20
- 52-Week High: ₹126.99 (29 August 2024)
- 52-Week Low: ₹39.60 (14 July 2025)
- Market Cap: ₹26,513.50 crore
- Free Float Market Cap: ₹6,095.28 crore
Trade Highlights
- Traded Volume: 4,789.41 lakh shares
- Traded Value: ₹2,791.75 crore
- VWAP (Volume Weighted Average Price): ₹58.29
- Buy Quantity: 3,00,38,134 shares
- Sell Quantity: 2,66,97,022 shares
- % Deliverable Quantity: 30.24%
The higher buying quantity compared to selling signals strong bullish sentiment among retail and institutional investors.
What’s Driving Ola Electric Shares Higher?
- Growing EV Adoption – With government incentives and rising demand for clean mobility, Ola Electric’s sales outlook remains positive.
- Expansion Plans – Market reports suggest the company is ramping up production capacity to meet festive demand.
- Market Sentiment – Investors are re-entering the stock after it touched its recent lows in July, making valuations attractive in the short term.
Analyst Outlook
Analysts remain cautiously optimistic about Ola Electric. While the company faces competition and margin pressures, its early mover advantage in the EV two-wheeler market positions it strongly. Experts believe the stock could face resistance near ₹65–₹68, while support is seen around ₹55.
Key Takeaways
- Ola Electric shares gained 11.16% today, trading at ₹60.08.
- Strong trading volumes signal rising investor confidence.
- The stock remains significantly below its 52-week high of ₹126.99.
- Long-term growth depends on sustained EV adoption and execution of expansion strategies.
Disclaimer:- The share price information above is based on market data as of 1 September 2025. Stock market investments are subject to risks, including the potential loss of capital. This article is for informational purposes only and should not be considered financial advice. Investors are advised to consult a certified financial advisor before making investment decisions.