Ola Electric Mobility share price surged over 9% on Friday, hitting its highest level in more than 4 months and recovering around 93% from its March lows.
On the BSE, the company’s shares also witnessed a sharp spurt in trading activity, with volumes rising over 2.40 times compared to the average traded volumes.
The EV scooter maker’s stock opened at ₹3939.55 apiece on the BSE during Friday’s trading session, marking its highest level since January 7, 2026. The stock has staged a strong comeback after touching an all-time low of ₹22.25 apiece on March 16 this year. Today, Ola Electric share price closed the day at around ₹41.57 per share on the BSE.
In the past 6 months, the shares of Ola Electric have delivered impressive returns of around 65% to investors. The current market capitalisation of the company stands at ₹18,335.82 crore.
Recently, Ola Electric received regulatory clearance for a new electric scooter designed for India’s commercial mobility space, indicating the company’s plans to expand into the fast-growing commercial electric two-wheeler market.
The approved model falls under the L1 category and is equipped with a 4-kilowatt motor, capable of achieving a top speed of around 70 kmph.
During the fourth quarter, Ola Electric reported an improvement in its financial performance. EBITDA loss narrowed sharply to ₹281 crore compared to a loss of ₹690 crore in the same period last year.
Revenue from operations, however, declined 56.6% YoY to ₹265 crore from ₹611 crore in the corresponding quarter.
Net loss for the quarter narrowed to ₹500 crore against a loss of ₹870 crore a year ago. Importantly, the fourth quarter marked the company’s first operating cash-flow positive quarter, with consolidated cash flow from operations standing at ₹91 crore.
Ola Electric’s sharp recovery in share price, along with a significant jump in trading volumes, suggests that something could be on the way. Meanwhile, the company’s planned entry into the commercial EV segment could open a new growth avenue in India’s expanding electric mobility market.
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Published on: May 29, 2026, 4:07 PM IST
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