Ola Electric's shares jumped 8.3% on Monday, reaching ₹44.3, the highest price in eight weeks.
Why the stock rose
The boost came after the company said its share of the electric two‑wheel market grew to 9.3% in December, up from 7.2% a year earlier. More riders are buying Ola scooters, helping the brand climb back into the top three in many Indian states.
Technical outlook
Analysts note that the stock has broken past a low of ₹39.6 that held since July 2025. They see this as a possible short‑covering rally, with the next resistance around the ₹50 level, close to the 10‑month moving average of about ₹49.5. However, they warn that if the price falls back below ₹39.6, the upside could disappear.
Company actions
- Added a 250‑person rapid‑response team to fix service backlogs faster.
- Started delivering the 4680 Bharat Cell‑powered S1 Pro+ scooter in November 2025.
- Received government approval for the 4680 Bharat Cell‑powered Roadster X+ motorcycle in December 2025.
Current valuation
Even after the recent rally, the shares are still about 48% lower than their one‑year peak of ₹83. The stock ended 2025 down 58%, the steepest drop among new‑tech stocks, and remains 73% below its post‑listing high of ₹157.40.
Bottom line
Ola Electric is showing signs of recovery, driven by higher market share and new product launches. Investors should watch whether the price can stay above the ₹39.6 support level before expecting further gains.
Remember, this is my perspective, not a prediction. Do your own research or talk to a certified advisor before making any investment decisions.