By Ola Electric’s share price has been on an impressive upward trajectory, extending its bull run for the sixth consecutive session since its debut on the stock market on August 9, 2024.
The company’s shares opened at ₹139.39 on the NSE, and within minutes of the market opening, the price surged to an intraday high of ₹146.38, representing a 10% rise. This sharp increase has brought the stock nearly 92% above its issue price of ₹76 per share, making it one of the most notable performers in the market since its listing.
The rally in Ola Electric’s share price is being driven by a combination of strong financial results and strategic product launches. The company delivered solid first-quarter results for the financial year 2024-25, which have significantly boosted investor confidence. In addition to the strong financials, Ola Electric’s recent announcements at its annual Sankalp event have also played a crucial role in fueling the stock’s momentum.
During the event, the company unveiled four new motorcycles, with prices ranging from ₹75,000 to ₹2,50,000. These motorcycles are set to hit the market with deliveries starting from Diwali 2025, a move that is expected to significantly expand Ola Electric’s presence in the two-wheeler market.
The market response to these developments has been overwhelmingly positive. According to Arun Kejriwal, Founder of Kejriwal Research and Investment Services, Ola Electric shares have further momentum left as the company is well-positioned to capitalize on the growing demand for electric vehicles (EVs) in India.
Kejriwal highlighted that the motorcycle segment, which constitutes about 70-72% of the two-wheeler market in the country, currently has a meager 1% share in the EV space. This presents a significant growth opportunity for Ola Electric as it aims to penetrate this underdeveloped segment. Kejriwal advised investors to hold onto their shares for the medium to long term, as the stock has the potential to become a strong portfolio asset.
Sumeet Bagadia stated that the stock still appears bullish based on current chart patterns. Bagadia has set a near-term target of ₹175 per share for Ola Electric and recommends that investors adjust their trailing stop loss from ₹90 to ₹130 to protect their gains. He also advised fresh investors to consider buying Ola Electric shares at the current market price, with a strategy of adding more shares after any 5-6% dip while maintaining a stop loss at ₹130 per share.
The company’s strategic focus on expanding its product lineup and targeting the motorcycle segment, which has a vast market potential, is seen as a key driver for the stock’s continued growth. With the upcoming launch of its new motorcycles, Ola Electric is poised to capture a larger share of the EV market, which has been steadily growing in India as consumers shift towards more sustainable transportation options.
Ola Electric’s success in the stock market has also been bolstered by broader market trends favoring companies in the electric vehicle sector. As governments and consumers alike push for greener alternatives, companies like Ola Electric are well-positioned to benefit from this shift.
The company’s ability to deliver strong financial results, coupled with its strategic initiatives, has resonated well with investors who are optimistic about the long-term prospects of the EV market in India.
Despite the rapid rise in share price, analysts advise investors to remain cautious and to monitor the stock closely. While the current momentum is strong, the volatility of newly listed stocks can sometimes lead to unexpected fluctuations. However, with a solid business strategy and a growing market presence, Ola Electric appears to be on a promising path.
As Ola Electric continues to expand its product offerings and strengthen its market position, the company’s share price could see further gains in the coming months.
Investors who have already bought into the stock are likely to benefit from the ongoing momentum, while new investors may find opportunities to enter the market during any potential dips. With the launch of its new motorcycles and the continued growth of the EV market in India, Ola Electric remains a stock to watch in the near future.
