Ola Electric Share Price Extends Rally Despite Weak Stock Market Today

Ola Electric share price continued to defy gravity on Thursday, August 28, surging for the third straight session even as the broader stock market today remained under pressure. The stock climbed another 4%, touching a day’s high of ₹52.80 apiece.

This winning streak has now added nearly 12% gains in just three sessions, giving investors a rare pocket of cheer in an otherwise weak market mood.

Market Performance

While most stocks struggled under selling pressure, Ola Electric stood out. The momentum comes at a time when benchmarks are weighed down by global uncertainties and domestic caution. Yet, Ola’s rally signals investor confidence in its recent milestones.

PLI Certification Boosts Sentiment

The turning point came earlier this week when Ola Electric announced that its Gen 3 scooter portfolio had secured the coveted PLI (Production Linked Incentive) certification.

This certification covers all seven Ola S1 Gen 3 scooters, which form the bulk of its current sales. Importantly, both Gen 2 and Gen 3 scooters are now officially PLI-certified.

Key highlights of the certification:

• Makes Ola eligible for 13% to 18% incentives on sales value until 2028.
• Expected to support margins and cost structure.
• A significant step towards EBITDA positivity.

The lineup under certification includes:

• S1 Pro 3 kWh
• S1 Pro 4 kWh
• S1 Pro+ 4 kWh
• S1 X 2 kWh
• S1 X 3 kWh
• S1 X 4 kWh
• S1 X+ 4 kWh

For Ola, this is more than a compliance check—it’s a direct boost to long-term profitability starting Q2 FY26.

New Models Unveiled

At its annual ‘Sankalp’ event, Ola Electric showcased its future roadmap with new models:

• S1 Pro Sport (5.2 kWh & 4 kWh variants) – deliveries begin January 2026
• S1 Pro+ 5.2 kWh – launches this Navratri
• Roadster X+ 9.1 kWh powered by the 4680 Bharat Cell – also coming this Navratri

These launches underline Ola’s ambition to capture a 25–30% share of India’s EV two-wheeler market, supported by vertical integration and an expanded product pipeline.

Q1 Results – Narrowing Losses

Ola Electric also shared its Q1FY26 results, highlighting progress on the financial front.

• Net loss: ₹428 crore (vs. ₹870 crore in Q4FY25; ₹347 crore in Q1FY25)
• Revenue: ₹828 crore, down 49.6% YoY from ₹1,644 crore in Q1FY25

While revenue slipped, the narrowing losses suggest the company is moving closer to operational efficiency.

Ola Electric Share Price Trend

The stock’s recent rally is set against a volatile backdrop. Here’s how the trend looks:

• August 2025 so far: up nearly 27%
• July 2025: down 4.3%
• June 2025: down 15.3%
• 2025 YTD: down 38% overall
• 1-year performance: down 59%

Price milestones:

• 52-week high: ₹181 (August 2024)
• 52-week low: ₹39.58 (July 2025)

Despite deep long-term cuts, the stock’s recent rebound signals renewed market interest, largely fueled by regulatory approvals and product pipeline visibility.

Summary

• Ola Electric share price rose 4% to ₹52.80 on Aug 28, extending its rally for the third consecutive session.
• Gains driven by PLI certification for Gen 3 scooters and unveiling of new models at the ‘Sankalp’ event.
• Q1FY26 results show narrowing losses at ₹428 crore, though revenue declined nearly 50% YoY.
• Stock is up 27% this month, but still down 59% over the past year.

Ola’s sharp rally amidst a weak stock market today highlights how company-specific triggers can overpower broader market sentiment.