Will Ola Electric's share price revival be short-lived, or is this the start of a long-term rebound? The company's shares just surged 4.8% after a bulk deal by promoter Bhavish Aggarwal, but what does this really mean for investors?
Ola Electric's shares rose to a day's high of Rs 36.16 on the BSE after Aggarwal offloaded over 2.6 crore equity shares to repay a promoter loan. The transaction valued at approximately Rs 92 crore is seen as a positive move, as it removes a critical overhang.
The shares were sold for Rs 34.99 per share, with the company clarifying that the promoter group would continue to hold approximately 34% in Ola Electric, among the highest across new-age listed companies. This move has sparked interest in the electric vehicle market, with Nifty and Sensex investors watching closely.
Despite the recent surge, Ola Electric's share price has been under pressure, with the stock trading at a 55% discount to its IPO issue price of Rs 76. The company has reported consecutive quarterly losses, with the consolidated net loss for the September 2025 quarter standing at Rs 418 crore. Revenue also dropped sharply by 43% year-on-year, to Rs 756 crore.
Historically, Bank Nifty and Nifty have been sensitive to news about major players in the electric vehicle market. With Ola Electric being a key player, its financial health and market performance are crucial for investors. Trader psychology also plays a significant role, as investors often look for cues from promoter activities and financial reports.
Disclaimer: The views expressed in this article are for educational purposes only and should not be considered as investment advice. Investors should do their own research and consult with financial experts before making any investment decisions.
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