From ₹21 to ₹49 in Three Months: Ola Electric Share Jumps 130% From 52-Week Low

Ola Electric Mobility is currently making headlines for all the right reasons. After a long and painful slump that wiped out a significant portion of the company’s market value, the electric two-wheeler firm’s stock has staged a remarkable comeback, capturing the attention of investors across the country. On Tuesday, Ola Electric shares surged by over 9% during intraday trading on the BSE, reaching ₹49.01 per share—a figure that seemed improbable just a few months ago.

Ola Electric Mobility Share Price

The scale of this recovery becomes even more apparent when considering the stock’s journey. After hitting an all-time high of ₹157.53 on August 20, 2024, Ola Electric’s shares experienced a rapid and sustained decline. By March 2, 2026, the stock had plummeted to ₹21.21—a drop of over 85% from its peak—marking a 52-week low. Since then, the stock has rallied nearly 130% to reach ₹49.01, all within a span of just over three months. The 52-week high currently stands at ₹71.24, highlighting the significant recovery potential that remains.

Several tangible and measurable developments appear to be fueling this rally. According to Sunny Agrawal, Head of Fundamental Research at SBI Securities—as cited in a Business Standard report—recent internal progress at the company has been genuinely encouraging for investors. Two areas are particularly significant: sales growth and service improvements—both of which were previously major pain points for Ola Electric.

On the sales front, the data shows consistent improvement. According to VAHAN data, Ola Electric registered 15,139 units in May, a 23% increase compared to the 12,323 units registered in April. The company notes that this marks the third consecutive month of growth in registrations—a trend suggesting something far more significant than a mere one-off surge. Consistent month-on-month growth, even from a lower base, helps rebuild confidence in the fundamentals of the company’s business.

Beyond sales, Ola Electric recently completed a ‘Qualified Institutional Placement’ (QIP), attracting participation from major names like Goldman Sachs and Mirae. The investment by credible institutional investors signals their positive outlook on the company’s trajectory. Financially, Ola Electric reported a consolidated net loss of ₹500 crore for the fourth quarter (Q4) ending March 31, 2026—a marked improvement over the ₹870 crore loss recorded in the same quarter the previous year. While losses remain high, the situation is moving in the right direction.