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What is the story about?
Shares of Ola Electric Mobility Ltd., which have witnessed a sustained sell-off in recent months, gained as much as 17% on Thursday, April 9.
The stock has risen nearly 55% in the last seven trading sessions, having registered gains in five of those.
Ola Electric Mobility shares fell to their all-time low of ₹22.25 apiece on March 16, declining 85% from its post-listing high of ₹157.5 per share.
Ola Electric shares made their debut on the stock exchanges in August 2024. Despite this recovery, the stock is still down over 50% from its issue price of ₹76 per share.
On Wednesday, the company said it announced the readiness of its in-house developed lithium iron phosphate (LFP) cell.
In an exchange filing, the company said that the new 46100 format LFP cell is bigger than the present NMC 4680 Bharat Cell and represents a step-change in scale, cost efficiency, and applicability across both mobility and energy storage solutions, and will begin entering Ola's products from the next quarter.
In March, Ola Electric's vehicle registrations jumped 150% to 10,117 units from 3,973 units in February. Its daily orders crossed 1,000 units in the last week of March 2026.
Last week, Ola Electric slashed the price of its Roadster 9.1 model by ₹60,000 to ₹1.3 lakh. And a week before, it launched the EndICEAge models, with the EV prices starting from ₹49,999 with service, buyback guarantee and benefits up to ₹50,000.
Shares of Ola Electric Mobility are trading 15.2% higher on Thursday at ₹34.88. 62 crore shares of the company have changed hands, compared to its 20-day average of 8.1 crore shares.
Also Read: NSE likely to file IPO DRHP by June, eyes December listing: Sources
The stock has risen nearly 55% in the last seven trading sessions, having registered gains in five of those.
Ola Electric Mobility shares fell to their all-time low of ₹22.25 apiece on March 16, declining 85% from its post-listing high of ₹157.5 per share.
Ola Electric shares made their debut on the stock exchanges in August 2024. Despite this recovery, the stock is still down over 50% from its issue price of ₹76 per share.
On Wednesday, the company said it announced the readiness of its in-house developed lithium iron phosphate (LFP) cell.
In an exchange filing, the company said that the new 46100 format LFP cell is bigger than the present NMC 4680 Bharat Cell and represents a step-change in scale, cost efficiency, and applicability across both mobility and energy storage solutions, and will begin entering Ola's products from the next quarter.
In March, Ola Electric's vehicle registrations jumped 150% to 10,117 units from 3,973 units in February. Its daily orders crossed 1,000 units in the last week of March 2026.
Last week, Ola Electric slashed the price of its Roadster 9.1 model by ₹60,000 to ₹1.3 lakh. And a week before, it launched the EndICEAge models, with the EV prices starting from ₹49,999 with service, buyback guarantee and benefits up to ₹50,000.
Shares of Ola Electric Mobility are trading 15.2% higher on Thursday at ₹34.88. 62 crore shares of the company have changed hands, compared to its 20-day average of 8.1 crore shares.
Also Read: NSE likely to file IPO DRHP by June, eyes December listing: Sources
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