Ola Electric Share Price Jumps 5% in Stock Market Today After Bombay HC Relief to CEO Bhavish Aggarwal

The Ola Electric share price was back in action in the stock market today. After days of pressure, the stock finally saw buying interest return.

Shares of Ola Electric rose nearly 5% on February 18, climbing to ₹29.35 per share. The move comes after the company clarified a key legal development related to its CEO, Bhavish Aggarwal.

Let’s break it down clearly.

Market Performance: Ola Electric Share Price Rebounds 5%

The Ola Electric share price snapped its four-session losing streak in the stock market today.

• Stock rose around 5%
• Reached ₹29.35 per share
• This comes just a day after hitting a lifetime low of ₹27.36

This sudden reversal caught attention because the stock had been under selling pressure in recent sessions. The bounce indicates how quickly sentiment can shift when clarity emerges.

In the stock market today, legal updates often become short-term triggers. That’s exactly what happened here.

Main News: Bombay High Court Stays Arrest Warrant

The key trigger behind the move in the Ola Electric share price was a clarification from the company.

Ola Electric informed exchanges that the Bombay High Court at Goa has stayed an arrest warrant issued against its CEO, Bhavish Aggarwal.

According to the company’s statement:

• The High Court observed that the District Consumer Commission of South Goa exceeded its jurisdiction under the Consumer Protection Act while issuing the warrant.
• The company requested that due note be taken of this factual legal position.

This clarification helped ease immediate uncertainty around leadership concerns — and the Ola Electric share price reacted quickly in the stock market today.

What Led to the Arrest Warrant?

The matter originates from a complaint filed by a customer.

Here’s what happened:

• A customer raised issues regarding an Ola S1 Pro scooter.
• The customer alleged that the issues persisted even after repairs.
• A refund of ₹1.47 lakh was sought.
• Additionally, ₹50,000 was demanded for alleged harassment and mental agony.

The District Consumer Commission of South Goa had issued a bailable warrant after Bhavish Aggarwal allegedly failed to appear before it despite notice.

However, the stay from the Bombay High Court changes the immediate legal position. And that was enough to push the Ola Electric share price higher in the stock market today.

Why the Ola Electric Share Price Reacted?

In the stock market today, clarity matters.

Uncertainty creates pressure. Clarity reduces it.

The recent decline in the Ola Electric share price had already pushed the stock to a lifetime low of ₹27.36. When relief came through a High Court stay, investors responded swiftly.

It is important to note:

• The move does not erase the underlying complaint.
• It simply stays the arrest warrant.
• The legal matter remains part of the broader narrative.

Still, leadership-related headlines often drive short-term volatility. That was visible clearly in the stock market today.

Company Snapshot: Ola Electric in Focus

Ola Electric has been in the spotlight for multiple reasons over the past months — from product rollouts to customer complaints.

This particular case centers around the Ola S1 Pro Second Gen scooter, where:

• The customer claimed unresolved repair issues.
• A total financial claim of ₹1.97 lakh (₹1.47 lakh refund + ₹50,000 compensation) was involved.

Such cases can influence sentiment, especially when legal escalation takes place.

That is why the update from the Bombay High Court had a measurable impact on the Ola Electric share price in the stock market today.

Stock Market Today: What This Move Signals?

The rebound in the Ola Electric share price highlights one key pattern in the stock market today:

News flow drives short-term direction.

When stocks are already at lifetime lows, even incremental positive updates can trigger quick recoveries. But sustainability depends on how events unfold next.

For now:

• The immediate legal risk perception has eased.
• The stock broke its four-day losing streak.
• Volatility remains part of the story.

The Ola Electric share price remains sensitive to corporate developments, customer-related updates, and legal clarity.

Summary: Ola Electric Share Price Recovers After Legal Relief

To sum it up:

• Date of move: February 18
• Price jump: Around 5%
• Current price: ₹29.35
• Previous lifetime low: ₹27.36
• Trigger: Bombay High Court stay on arrest warrant
• Case linked to: Ola S1 Pro Second Gen scooter
• Customer claim: ₹1.97 lakh total

The Ola Electric share price showed a sharp reaction in the stock market today following the company’s clarification.

Markets move fast. Sentiment changes even faster.

And today, clarity brought relief.

Source: Moneycontrol