Ola Electric Share Price Slides 6% After 77% Surge in Three Weeks

Ola Electric shares, which had seen a sharp 77% rally in less than a month, witnessed profit booking pressure, causing the stock to drop 6% on September 4, 2025. Investors capitalised on elevated valuations after a volatile journey since the company’s IPO.

Ola Electric Faces Pullback After Impressive 3-Week Rally

Ola Electric stock reached an intraday low of ₹63.71 apiece on September 4, 2025, before rebounding slightly to trade around ₹65 in the early afternoon. The 8% decline came amid active profit-taking after the stock's sharp 3-week jump of approximately 77%, which had pushed it near the ₹70 mark. The stock now edges closer to its IPO listing price of ₹76 after a long period of wide range price fluctuation.

Volatile Price Journey Since Listing

Initially listed at ₹76 in August 2024, the stock surged 63% within a month to a high of ₹123.90 by September 2024. However, it later plunged 68% to ₹39.60 during July 2025. With the recent upward momentum, the stock has rebounded significantly.

Sales Performance and Market Share Movement

According to the VAHAN portal data updated on August 31, 2025, Ola Electric reclaimed its number 2 position in the EV two-wheeler segment, surpassing Bajaj Auto. The Bengaluru firm sold 18,972 units in August 2025. However, year-on-year sales were down 31%, reflecting headwinds from rising competition and slowing demand.

Read More: Ola Electric Share Price Surges 55% in a Month as PLI Scheme Boosts Outlook!

PLI Certification Enhances Growth Potential

In an update dated August 26, 2025, Ola Electric received Production Linked Incentive (PLI) certification for its Gen 3 scooter line from ARAI, under India's Ministry of Heavy Industries. Its certified range includes S1 Pro 3 kWh, S1 Pro 4 kWh, S1 Pro+ 4 kWh, S1 X 2 kWh, S1 X 3 kWh, S1 X 4 kWh, and S1 X+ 4 kWh. This development improves cost efficiency and may enhance profitability from Q2FY26 onwards, as these models form the bulk of its sales.

Institutional Confidence Supports Long-Term Outlook

Ola Electric was recently included in Helios Mutual Fund's portfolio due to its long-term promise in the EV space. This inclusion showcases growing market confidence despite near-term stock volatility following profit booking.

Ola Electric Share Price Performance

On September 4, 2025, Ola Electric share price opened at ₹69.49 on NSE, above the previous close of ₹68.99. During the day, it surged to ₹71.25 and dipped to ₹63.71. The stock is trading at ₹64.90 as of 2:26 PM. The stock registered a significant decline of 5.93%.

Over the past week, it has moved up by 20.07%, over the past month, it has moved up by 61.00%, and over the past 3 months, it has moved up by 29.83%.

Conclusion

Ola Electric’s 8% drop on September 4, 2025, signals near-term volatility after a strong 3-week rally. With steady expansion in EV market share and PLI certification in place, the company remains a key player to observe in the evolving electric mobility sector.

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