Ola Electric Share Price Rises for Third Straight Session as Stock Market Today Sees Fresh Buying Interest

The stock market today is seeing renewed action in select EV names, and Ola Electric share price is quietly making its way back into focus.

After hitting a fresh 52-week low last week, Ola Electric shares have now posted gains for the third consecutive trading session, signaling a short-term recovery phase after a sharp sell-off. The move comes as buyers step in at lower levels, pushing the stock off its recent bottom.

While the bounce has caught attention, the broader picture remains shaped by recent price damage and ongoing pressure on fundamentals.

Market Performance: Ola Electric Share Price Today

In Tuesday’s session, Ola Electric share price today opened higher on the NSE, extending the recovery seen over the last few days.

• Opened at ₹34.64
• Moved to an intraday high of ₹36.10
• The stock is up nearly 17% from its 52-week low of ₹30.76
• The 52-week low was recorded last Thursday

The steady rise across three sessions suggests short-covering and value-based buying, rather than a broad trend reversal. Volumes and price action indicate interest returning after heavy selling pressure earlier this month.

What Triggered the Bounce in Ola Electric Share Price?

The recent rise in Ola Electric share price follows a prolonged decline that pushed the stock to fresh yearly lows. After such sharp corrections, markets often see temporary pullbacks driven by:

• Bargain hunting at beaten-down levels
• Short-term traders covering positions
• Improved sentiment in the broader stock market today

However, the current move remains a recovery from lows rather than a confirmation of sustained strength.

Company Snapshot: Ola Electric’s Manufacturing Scale

Ola Electric operates one of the largest integrated EV manufacturing setups in the two-wheeler segment.

Key operational details include:

• Scooter assembly capacity of ~1.3–1.5 million units annually at full utilisation
• Cell gigafactory with 2.5 GWh active capacity
• Planned scale-up to 5.9 GWh by March 2026
• Longer-term target of 20 GWh by FY27, subject to execution

The company’s manufacturing model is built around vertical integration, covering vehicle assembly, battery packs, motors, software, and cells.

Capital Investment and Balance Sheet Load

The cell gigafactory expansion involves a significant capital outlay.

• Estimated capex requirement of ₹1,200–₹1,500 crore
• Funding primarily through an SBI-led consortium loan
• This adds incremental leverage to the balance sheet

The scale of investment highlights the company’s long-term manufacturing ambition, but also increases financial commitments during a period of revenue pressure.

Revenue and Business Mix Overview

Beyond electric scooters, Ola Electric has been expanding into multiple EV-related segments.

• Presence in electric motorcycles, contributing around 10–15% of revenue
• Plans to supply battery cells to other EV players
• Battery Energy Storage System (BESS) business guided to reach ~₹1,000 crore revenue by FY27

These verticals are aimed at diversifying revenue streams beyond two-wheelers.

Ola Electric Financial Performance: Recent Trends

The company’s financials over the last few quarters show continued stress on the topline, even as losses have narrowed.

Revenue trend:

• Revenue declined ~12–13% quarter-on-quarter
• Revenue down ~43% year-on-year over the last five quarters

Profitability trend:

• Losses narrowed by ~46% QoQ
• Losses reduced by ~15% YoY

While cost controls have helped reduce losses, the persistent decline in revenue remains a key overhang.

How Ola Electric Fits Into Stock Market Today?

In the context of the stock market today, Ola Electric’s recent price action reflects a broader pattern often seen after deep corrections—sharp falls followed by short-term rebounds.

The stock’s recovery from its 52-week low is notable, but it comes against a backdrop of:

• Falling revenues
• High capital expenditure requirements
• Increased leverage

This makes the recent move more of a technical bounce from oversold levels, rather than a structural shift driven by earnings strength.

Summary: Ola Electric Share Price Back in Focus

• Ola Electric share price has risen for the third straight session
• The stock is up ~17% from its 52-week low
• Buying interest has emerged after a sharp correction
• Revenue remains under pressure despite narrowing losses
• Capex intensity and leverage continue to shape the business outlook

As the stock market today digests volatility across sectors, Ola Electric remains a closely tracked EV name—supported by scale and integration, but weighed down by financial challenges.

For now, the rebound highlights renewed interest at lower levels, while the broader story continues to unfold around execution, revenue recovery, and balance sheet discipline.