Ola Electric said its financial priorities are clear: recover volumes, hold strong gross margins, keep opex disciplined, ramp the Gigafactory, and convert the gross block already created into operating leverage.
Emkay Global retained its 'Sell' call with a revised target of Rs 25 from Rs 20 earlier. Ola Electric shares settled at Rs 36.50 apiece on Wednesday. eMkay's target suggests 32 per cent potential downside.
The GST Council is likely reviewing taxation rules for app-based cab aggregators like Ola, Uber and Rapido. Sources say the panel may clarify whether 5% GST should apply on the full ride fare or only on the platform commission charged by aggregators. The move aims to reduce compliance burden and end long-standing ambiguity for ride-hailing platforms. However, if the tax burden is passed on, daily commuters could see cab fares rise.
Ola Electric shares rose 9% to Rs 38.09 on BSE in early deals today. In the current session, market cap of the firm rose to Rs 16,399 crore.
Maharashtra’s move against Ola, Uber and Rapido has sparked confusion after reports claimed the platforms were being shut down in the state. However, the government's action is focused specifically on alleged unauthorised bike taxi services, raising broader questions around regulation and legality.
Ola Electric, Ather Energy and JBM Auto were among the biggest gainers after Prime Minister Narendra Modi pushed for lower fuel dependence and greater adoption of electric vehicles. The market is now betting big on India’s EV transition story as rising crude oil prices and global energy concerns put the spotlight on alternatives to petrol and diesel. While investors remain cautious on Ola Electric due to volatility and competition, Ather Energy continues to attract attention for its growth potential. JBM Auto also remains a strong EV infrastructure and auto ancillary play. Can India’s EV revolution accelerate from here? Watch this detailed market breakdown on Business Today TV.
Stock exchanges BSE and NSE have placed Ola Electric under the short-term Additional Surveillance Measure (ASM) framework, aimed at cautioning investors amid heightened volatility in share prices.
According to Ace Equity data, 475 stocks from BSE500 index managed to deliver positive returns in April 2026, with 20 stocks rising more than 40% in the month.
Ola Electric, Angel One, Ircon Intl Have All Rallied Upto 79% In April. What's Next?
Ola Electric: The pure-play electric two-wheeler (E2W) firm has recently launched a new product, S1 X+ 5.2 Kwh, with 4680 Bharat Cells.
Ola Electric shares: Despite today's trend reversal, the Ola Electric stock is still overbought on charts with a RSI of 80.8. A RSI above 70 signals a stock is in the overbought zone.




