Ola Electric Share Price Rises Above 7% Ahead Of Q2 FY27 Results; Two-Day Rally Adds Over ₹1,400 Crore To Market Value

Ola Electric Mobility shares jumped over 7% on 12 November 2026, as investors awaited the electric two-wheeler maker's September-quarter results. The company is scheduled to announce its Q2 FY27 performance later in the evening. Investors will look for signs of a turnaround in its business.

The stock has advanced around 9% over two trading sessions, adding more than ₹1,400 crore to Ola Electric's market capitalisation and taking it above ₹17,150 crore.

The latest Ola Electric rally also follows the centre's decision to make electric vehicles (EVs) the default and preferred option for government staff-car procurement. It has also raised the net dealer price ceiling for government EV purchases to ₹20 lakh, compared with ₹10 lakh for internal combustion engine (ICE) vehicles.

On the National Stock Exchange (NSE), the Ola Electric share price was at ₹35.88, up 4.21% at 1:12 pm on Thursday. The stock opened at ₹34.90 against the previous close of ₹34.43. It touched an intraday high of ₹37 and a low of ₹34.61.

Ola Electric Shares Recover From March Low

Ola Electric shares remain well below their lifetime peak despite the recent recovery. The stock had touched a high of ₹157.40 in 2024. It then fell more than 62% from its 52-week high of ₹59.20 in September 2025.

The Ola Electric share price fell to ₹22.25 in March 2026. It was almost one-seventh of its highest value. The stock then doubled in the next three months to touch ₹49.05 in June 2026. It has since given up some of those gains.

Ola Electric shares were up 4% in the last week and 3% in the last month. They were still over 2% down so far in 2026 and 15% down over the last year.

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