The inventory opened 4 per cent greater at ₹38 and climbed additional to hit an intraday excessive of ₹39.77 on the Nationwide Inventory Trade (NSE).
As of two PM, Ola Electrical shares had been buying and selling 4 per cent greater at ₹39.13, with round 63 million shares altering arms. Compared, the benchmark Nifty 50 was largely flat at 24,107.
Ola Electrical has remained among the many market’s worst underperformers since its Dalal Road debut in August 2024. The inventory plunged practically 86 per cent from its report excessive of ₹157.40, touched on August 20, 2024, to a low of ₹22.25, hit on March 16, 2026.
Nevertheless, the inventory staged a pointy restoration from its March low, gaining greater than 80 per cent. At CMP, Ola Electrical shares are nonetheless down near 50 per cent from the IPO value of ₹76.
In line with Rajesh Palviya of Axis Securities, a renewed curiosity within the EV theme may help Ola Electrical within the medium time period, notably as buyers search for alternatives in EV-related shares which have underperformed.
On the technical entrance, he mentioned that Ola Electrical stays in consolidation, with the inventory buying and selling in a decent vary over the previous three to 4 months. He mentioned that ₹44 is a key resistance and a decisive breakout above this stage may set off recent shopping for and push the inventory in direction of ₹48–50. On the draw back, ₹36 is a crucial help.
“Buyers can contemplate making recent positions in Ola Electrical at present ranges, however keep a strict cease loss at ₹36 to guard capital,” he mentioned. Ola Electrical S1Z scooter In the meantime, Ola Electrical mentioned that S1Z brings the corporate’s indigenous 46 collection LFP cell platform know-how, developed at its Battery Innovation Centre and manufactured on the Ola Gigafactory, to its most accessible scooter vary, for the nation’s largest EV shopping for section.
S1Z is offered in 3.1 kWh and 5.1 kWh variants, at an introductory value of ₹79,999 and ₹99,999 (ex-showroom), respectively. The three.1 kWh and 5.1 kWh variants can ship a spread of as much as 179 kms and 301 kms respectively (IDC).
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