Kolkata: Ola Electric shares have kept up the surge on Friday, rising by nearly 6% in the pre-noon trading session. This marks a spectacular turnaround from a lanuguishing stock after a high-profile IPO in 2025 which was subscribed more than 400% in August. From its spectacular debut in the stock market, Ola Electric shares declined more than 60% in the following months and mirrored the company’s journey from being the dominant name in the two-wheeler electric mobility to severe challenges marked by rapidly declining sales, regulatory glare and customer complaints. The stock is now expereincing a turnaround following a new technology development by the company’s professionals. It has not gone unnoticed in the stock market.
Stock movement
On Friday morning, OLA Electric Mobility shares were trading at Rs 38.39, up Rs 2.07 or 5.70%. In the past one week, this stock has appreciated by as much as 33.65%. The stock appreciated more than 58% in the past one month. On March 16, 2026 the scrip recorded a 52-week low of Rs 22.25. The 52-week high of Rs 71.25 was recorded on September 4, 2025.
What’s driving the stock?
The recent upsurge in the languishing stock of this company seems to be triggered by an announcement by Ola Electric management. They said that they are ready with lithium iron phosphate (LFP) cell, which has been made using in-house R&D facilities. The company also said that the new cell will allow the company to a full-stack energy ecosystem and boost electric mobility. The LFP cell carries a 46100 format and is bigger than the NMC 4680 Bharat Cell used currently. It signals possible cost efficiency gains across both mobility and energy storage solutions. The company told the stock exchanges that this new cell will be applied in Ola’s models beginning from the next quarter.
V shaped recovery
In one stroke Ola finds itself at the threshold of lower production costs, higher margins and reduced dependence on imports. Ola is also raising its Gigafactory capacity from 2.5 GWh to 6 GWh to handle growing manufacturing demands. The company also experienced robust sales in March when more than 10,000 registrations were witnessed. This follows weak performance in February.
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