Ola Electric share price soars over 6%; shares cross 200 EMA and almost double from 52-week low; here is why

Ola Electric & Mobility shares are buzzing in Monday’s trading session after the company announced the opening of bookings for its new product, S1Z. The shares hit an intraday high of ₹41.3 apiece on the NSE, up nearly 6% on Monday. The shares have more than doubled from the recent 52-week low of ₹22.2 apiece hit on 16 March 2026. However, the shares remain subdued on a twelve-month basis, delivering -25% returns.

Shares cross 200 EMA

The shares crossed the crucial 200 EMA mark of ₹40.2 per share for the second time in August. On the daily charts, the shares have shown support near ₹35 per share, bouncing back from these levels for the third time in four months, indicating strong buying interest at lower levels. Charts also show a breakout of the trendline resistance made from higher highs.

Institutional interest increases

In the aftermath of its service and after-sales support issue, the shares have remained in the subdued range for a period of more than two years. However, lately, institutional investors have increasingly placed their bets at lower levels, hunting for a bargain opportunity. Despite the strong bounce back from lower levels, the shares continue to trade ~75% lower from the record high levels.

The domestic institutional ownership in the company has consistently increased for consecutive 6 quarters starting Q4FY25. The DIIs increased their ownership from 2.93% in Q4FY25 to 12.16% in Q1FY27. The FII ownership during the same period also jumped from 2.8% in Q4FY25 to 4.11% in Q1FY27. Meanwhile, the promoter and public shareholding declined.

Market share decline continues

Despite the new launches and sharp rally in shares, vehicle sales continue to struggle in 2026. As per Vahaan portal data, the company’s July 2026 sales declined 14% MoM at 12,874 units vs 14,902 units in June 2024. On the other hand, the company’s market share declined to 6-8% at the fifth position, trailing Bajaj Auto, TVS Motors, Hero MotoCorp, and Ather Energy. On a YTD basis, the total sales growth continues to tread in negative territory at 40% YoY.

Product portfolio expansion

Despite the structural challenges, the company continues to invest in product expansion and new technology. The company indigenously developed Bharat Cell LFP technology, developed at their Battery Innovation Centre, and manufactured at our Gigafactory in Tamil Nadu. The cells are fully built by Ola, with 426 patents to back them. The new battery pack is expected to deliver a range of 301 km on a single charge.

Narrowing the loss

As of Q1FY27, the company continues to remain in loss at the operating profit level. However, the operating profit narrowed down to ₹165 crore for the quarter ended June 2026, as compared to ₹237 crore in June 2025. Similarly, the net profit also narrowed down to ₹336 crore in Q1FY27 as compared to ₹428 crore in the same period a year earlier.