In recent sessions, Ola Electric share price has gained strong momentum, attracting investor attention with a sharp upward rally. Over the past few weeks, the stock has climbed more than 40%, supported by higher trading volumes and growing optimism in the electric mobility sector.
On Tuesday, the stock extended its gains and closed near ₹65, reflecting a steady rise from earlier levels. In the past five trading sessions alone, Ola Electric share price has jumped nearly 22%, making it one of the most active names in the market.
A key trigger for this rally has been the Production Linked Incentive (PLI) certification for Ola’s Gen 3 scooters. This certification allows the company to benefit from government incentives until 2028, which is expected to improve profit margins and strengthen the path toward profitability.
Market analysts believe the recent momentum could push Ola Electric share price toward the ₹68–70 range in the near term, with investors advised to consider entry around lower levels. However, they also warn that the stock remains sensitive to broader market trends, operational challenges, and rising competition in the EV industry.
The current uptrend comes after a difficult period earlier this year, when the stock faced heavy selling pressure due to financial concerns and business uncertainties. Despite these setbacks, the recent rebound signals improved investor sentiment and renewed confidence in the company’s long-term growth story.
Summary of Key Drivers
| Factor | Details |
|---|---|
| PLI Certification | Boosted confidence—eligible for incentives through 2028. |
| Recent Share Performance | Up ~22–40% in recent weeks. |
| Analyst View | ₹68–70 target—buy on dips. |
| Risks & History | Prior losses, high competition, and past volatility. |
Conclusion
The sharp rise in Ola Electric share price reflects growing optimism around its government support, improved outlook, and strong trading momentum. While short-term gains are likely, investors should balance expectations with caution, as the stock still faces challenges in profitability and market competition.
Risk Disclaimer:
This article is for informational purposes only and does not constitute financial advice. Stock markets are volatile, and investments carry risk. Please do your own research or consult a financial advisor before investing.
