Ola Electric shares up 60% in one month; what investors should know

Ola Electric shares have delivered stock market investors around 60% returns on their investment in the past one month period on the backdrop of a series of recent developments including a healthy product portfolio and strong order data for the month of March 2026 amid government’s support for electric vehicle (EV) infrastructure.

On Monday, April 20, Ola Electric Mobility shares jumped nearly 2% to hit its intraday high of ₹41.60 in the early market hours, before reversing its trend and dropping in the red in the afternoon market session. As of 2:58 pm, Ola stock was trading 3.5% lower at ₹39.42 apiece on Monday.

Technical factors showed that the Relative Strength Index (RSI) of the 14-day average was in the overbought territory in the early market hours over the 70 region, before dropping under 50 during the trading session.

Later, during the afternoon market hours, the RSI 14 hovering around 56 region indicated that the stock was treading backwards towards the overbought region with trading volumes crossing 125.8 million in a single day across the exchanges, after Ola Electric shares were subject to profit booking and selling pressure.

Latest updates for Ola Electric

Ola Electric's latest filing showed that on April 18, the firm announced a ‘Sona Weekend’ where the EV-scooter and motorcycle maker was offering customers benefits worth up to ₹50,000 across its electric vehicle portfolio.

This was announced for the auspicious occasion of Akshaya Tritiya as the company also offered a chance to win its Ola Sona, a limited-edition scooter with real 24-karat gold plated elements, according to the exchange filing.

Ola also announced that the company had launched a new product variant named ‘S1 X+’ which features 4,680 Bharat Cells, showcasing in-house cell technology for the mass EV market. The company also secured a Production Linked Incentive (PLI) certification from the Indian government for expansion into the electric motorcycle segment.

Earlier this month, the company also cut the price of its flagship electric motorcycle, the Roadster X+ 9.1 kWh, with the help of rapid economies of scale at its Gigafactory, deep vertical integration, and 4,680 Bharat Cell.

The company’s shares also witnessed significant support from the EV policy 2.0, which has proposed to only allow electric two-wheelers for registration from the beginning of the financial year 2028-29 in the National Capital Territory (NCT) of Delhi.

Healthy order book

Ola Electric’s daily orders for the last week of March 2026 surged 1,000 units with the total registrations rising to 10,117 units during the month, compared with 3,973 units in February, indicating a rise in industry demand.

“This demand recovery is being driven by a structural transformation in service operations. Over 80% of vehicles are now serviced on the same day, enabled by improved parts availability, faster diagnostics, and tighter operational control across the network,” the company said.

In March 2026, the company also became the first EV company in India to cross 1 million cumulative registrations, as per VAHAN data, marking a milestone for Ola Electric and India’s EV ecosystem, according to the company's filings.

Q3 results snapshot

Ola Electric’s third quarter results for the financial year ended 2025-26, showed that the company’s net losses reduced by 13% YoY to ₹487 crore in the October to December quarter, compared to a ₹564 crore net loss in the same period a year ago.

However, the consolidated financial statements also showed that the company’s revenue from core operations dropped 55% to ₹470 crore in the third quarter, compared to ₹1,045 crore in the same period a year ago.

The company reduced its net losses largely due to the fall in input costs which witnessed a 74% reduction in the same period to ₹223 crore, compared to ₹867 crore a year ago.

Ola Electric share price trend

Although, Ola Electric shares have lost 21% in the past one year period, the company’s stock was up 5% so far in 2026 on a year-to-date basis, according to NSE data.

The exchange data also showed that Ola Electric shares have risen 60% in one month and are trading 2.9% higher over the last five market sessions as of Monday’s trading hours.

The company’s stock surged to its 52-week high level of ₹71.25 on September 4, 2025, while the 52-week low was at ₹22.25 on March 16, 2026, NSE data showed. The company’s market capitalisation was at ₹17,325 crore as of the stock market session on April 20.