Ola Electric This electric vehicle manufacturer—which recently endured one of the most significant crashes in the stock market—is now staging an equally spectacular recovery. Ola Electric shares, which had plummeted by over 85% from their all-time high, have surged back rapidly in recent trading sessions. This has rekindled hope among investors who stood by the company even during this challenging period.
Ola Electric Share Performance
On Thursday, the company’s shares closed at ₹36.34 on the Bombay Stock Exchange (BSE), marking a substantial single-day gain of 20%. This recovery appears even more impressive when viewed against the levels at which these shares were trading just a few weeks ago. On March 2, 2026, Ola Electric’s share price hit ₹21.21—marking a new 52-week low. From this alarming nadir, the shares have now climbed by over 70%, demonstrating the company’s formidable comeback amidst a difficult market environment.
Ola Electric Stock Past Records
To fully grasp the significance of this recovery, one must examine the complete timeline of Ola Electric’s market performance. On August 20, 2024, the stock was trading at ₹157.40—its all-time high. However, the subsequent months witnessed sustained selling pressure, which ultimately drove the shares down to that March low of ₹21.21. This represented a painful decline of 85%—a drop that tested the patience of investors and raised serious questions regarding the company’s future prospects.
Strength Gained from the Recent Rally
Recent trading sessions have painted a starkly different picture for this electric two-wheeler manufacturer. In just five trading days ending on April 9, 2026, the shares witnessed a spectacular surge of 42%, climbing from ₹25.59 on April 2 to reach ₹36.34. An analysis extending back to March 30 reveals an even stronger trend; the shares skyrocketed by 59%, rising from ₹22.80 to cross the ₹36 mark. Monthly performance figures indicate a rally of 56%, while the company’s market capitalization has exceeded ₹16,000 crore, reflecting growing investor confidence.
Ola Electric Stock IPO Performance
When Ola Electric made its stock market debut on August 9, 2024—following an IPO that ran from August 2 to August 6—the share price stood at ₹76. This public offering received an overwhelming response, with total subscriptions reaching 4.45 times; however, different categories of investors demonstrated varying levels of interest. Retail investors subscribed to 4.05 times their allotted quota, while employees demonstrated their strong faith in the company with a subscription rate of 12.38 times, and non-institutional participants subscribed 2.51 times.
