Ola Electric Shares Jump 9% In Intraday As Sales Recovery Lifts Sentiment

Shares of Ola Electric Mobility rose as much as 9% in intraday trade on Thursday, even as the broader market remained under pressure. The stock touched a high of ₹28.13 on the National Stock Exchange (NSE) after opening on a flat note and then moving higher. At 1:10 pm, Ola Electric Mobility shares were trading 7.15% higher on the NSE at ₹27.74 per share.

The latest move adds to gains from the previous session. Over the past two trading days, the stock has climbed more than 20%. Market participants tracked the rally alongside an improvement in the company’s operating numbers for March.

Sales Data Drives Buying Interest

The buying interest picked up after the company reported a recovery in business performance. Daily orders crossed 1,000 units in the last week of March 2026, according to a company statement.

Registration data also showed a sharp rise. As per VAHAN, monthly registrations increased over 50% to 10,117 units in March. The figure stood at 3,973 units in February. The company said it saw a V-shaped recovery on a month-on-month basis. It added that it continued to gain market share through the month.

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Stock Remains Below IPO Price

Despite the recent bounce, the stock continues to trade well below its initial public offering (IPO) issue price of ₹76. The sharp correction earlier had weighed on investor sentiment.

The recent recovery in volumes and registrations appears to have supported the short-term move in the stock. Ola Electric also said demand improved due to changes in service operations. More than 80% of vehicles are now serviced on the same day, it said.

During March, the company crossed 1 million cumulative registrations, as per VAHAN data. It said this makes it the first electric vehicle brand in India to reach that mark.

Sources:

Business Standard

Moneycontrol