Ola Electric Shares Rally by 12%, Post 6-Month Rally of Nearly 80%
Last Updated: 23rd September 2026 - 05:25 pm
Shares of Ola Electric Mobility surged by as much as 12% on September 23, taking their six-month rally closer to 80%.
The share price opened at ₹38.16 on the BSE against the last closing price of ₹37.78 and scaled an intraday high of ₹42.32. The trading volume was about four times more than that during the day.
The stock currently trades below its 52-week high of ₹59.20 made on September 23 of last year, whereas its 52-week low is ₹21.21 marked on March 2. Ola Electric has gained almost 12% since the start of the year 2026.
Some of the latest developments related to the company include the launch of new products and an expanded distribution network. The company has introduced its first rounds of dealer-run outlets in Rajasthan, Tamil Nadu, Maharashtra, Bihar, Telangana, Uttar Pradesh, and Madhya Pradesh.
The revenue from operations during the quarter ending June 30, 2026, fell by 45% to ₹455 crore, while the net loss fell to ₹336 crore from ₹428 crore.
Cash flow from operations came in at negative ₹215 crore, as compared to positive ₹91 crore in the March quarter. The gross margin was at 30.5%, whereas the market share increased to 8.4% from 5.1% in the previous quarter.
The company is also increasing the capacity of its Gigafactory from 2.5 GWh to 6 GWh along with its plans to sell its cells to merchants. An additional ₹1,500 crore fundraising program is also included in its capital programs.
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