Ola Electric shares jump 31% in 6 months. Should you buy, sell or hold?
Shares of Ola Electric Mobility have jumped 31% in six months and have nearly doubled from March low, with analysts highlighting that the near-term sentiment
Shares of Ola Electric Mobility have jumped 31% in six months and have nearly doubled from March low, with analysts highlighting that the near-term sentiment has improved but caution is still warranted.Ola Electric shares gained around 10% in a week but fell over 2% in a month, trading at around Rs 41 apiece. The EV-scooter maker’s shares recorded sharp gains earlier this week after the company signed a memorandum of understanding (MoU) with Axis Energy to deploy up to 20 GWh of battery energy storage systems (BESS) by 2032.Despite the recent gains, the shares of Bhavish Aggarwal’s company remain in the deep red for its IPO investors. After a flat market debut in August 2024, Ola shares rallied sharply to hit a lifetime high of Rs 157.40 apiece later that year. However, the momentum reversed dramatically, with the stock falling to a lifetime low in March 2026, nearly one-seventh of its peak value.Overall, Ola Electric shares have gained 10% in 2026 so far, as strong sales data, PLI certification and other factors boosted investor confidence in the EV scooter-maker.
The stock has nearly doubled after hitting a lifetime low of Rs 22.25 apiece in March this year. The company currently has a market capitalisation of more than Rs 19,175 crore.What lies ahead for Ola Electric share price?While Ola Electric shares remain significantly lower than its IPO levels, the stock has regained some momentum this year. Vinit Bolinjkar, Head of Research at Ventura, recommended a ‘Hold’ stance on Ola Electric, while noting that the near-term sentiment has improved, boosted by non-auto optionality like grid-scale Battery Energy Storage Systems (BESS) and aggressive cost rationalization.The analyst listed out clean energy ecosystem expansion, in-house cell manufacturing and valuation de-risking as the key catalysts for the stock’s bull case, while the bear case risks include incumbent competition, cash burn and execution and yield risk.Ola Electric’s fundamental execution risks remain balanced against structural EV tailwinds, according to Bolinjkar, who added that the risk-reward is evenly balanced at current levels. “Overall, Ola Electric remains a long-term beneficiary of India’s EV transition, supported by its technology capabilities and integrated manufacturing approach.
However, after the recent stock recovery, further upside will depend on visible improvement in operating performance, profitability and execution rather than only EV sector growth,” the analyst further said.The company’s Q1 FY27 commentary that is scheduled for today will be one of the key triggers, along with monthly Vahan registration market share trends, and milestone updates on the 4,680 cell facility ramp-up.Also Read | Big shift: Ola Electric moves to dealership model amid market share wipeoutTechnical view on Ola Electric share priceOla Electric shares have remained in a persistent downtrend since their market debut, eroding nearly 70% of shareholder value, said Hitesh Rathi, Technical Analyst (Equity & Derivatives) at Angel One. He noted that the formation of a bullish 100% pole from the Rs 22–20 zone indicates the emergence of a strong long-term support band and highlights the presence of meaningful buying interest at those levels.That said, the recent recovery appears to be losing momentum, according to the analyst. The stock has failed to build on the follow-through buy generated after the bullish 100% pole and has instead established a strong short-term resistance in the Rs 45–47 zone, he noted, adding that this weakness is further reinforced by the formation of a follow-through sell, suggesting that sellers continue to dominate at higher levels."Overall, the technical setup does not inspire confidence at the current juncture.
The BriefWire