Ola Electric Share Price Hits 5% Upper Circuit After Recent Price Drop

Ola Electric Mobility share price surged 5% to ₹56.66 on the BSE, hitting the upper circuit in intraday trade on Tuesday. 

The stock is under the Trade-to-Trade (T2T) segment, which means all transactions must be settled on a T2T basis. Ola Electric moved to this segment from September 9, 2025.

Recent Price Trends

• The stock had fallen 24% from its September high of ₹71.24.
• Prior to that, it had surged 79% between August 12 and September 4.
• 52-week range: ₹39.58 (low) – ₹131 (high).
• Recent intra-day high: ₹56.95; low: ₹53.56.

Ola Muhurat Mahotsav Boosts Demand

Ola recently launched the Muhurat Mahotsav festive campaign, offering its S1 scooters and Roadster X motorcycles at special prices starting ₹49,999 for 9 days.

• S1 X 2kWh & Roadster X 2.5kW: ₹49,999
• S1 Pro+ 5.2kWh & Roadster X+ 9.1kWh: ₹99,999

The first day of the campaign saw all units sold out within 5 minutes, driving strong market interest and investor optimism.

Ola Electric FY26 Outlook

• Expected vehicle sales: 325,000 – 375,000 units
• Revenue target: ₹4,200 – 4,700 crore
• Projected gross margin: 35–40%
• Auto business EBITDA expected to remain positive from Q2
• Cost optimisation through Project Lakshya reduced monthly auto opex from ₹178 crore to ₹105 crore; target further reduction to ₹130 crore/month

Operating cash flow for the auto business is now nearly neutral, with free cash flow improving from -₹455 crore to -₹107 crore in Q1.

Read More: Upcoming IPOs This Week: 5 Mainboard and 16 SME IPO Set to Open Week Starting Sep 29!

Conclusion

Ola Electric’s stock is showing strong rebound potential after a sharp fall, supported by robust festive sales, operational efficiency, and a positive FY26 outlook. Sustained buying interest and upper circuit momentum indicate continued bullish sentiment.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.