Shares of Ola Electric continued their upward momentum, surging 20% in intraday trading to hit the upper circuit limit, signaling renewed investor confidence in India’s electric vehicle (EV) ecosystem. The rally marks a significant turnaround in sentiment toward the company, which has faced volatility in recent months following its market debut.
The sharp rise comes amid a combination of favorable macro trends, company-specific developments, and broader optimism surrounding India’s transition to electric mobility. Market participants noted that increased clarity around production scalability, cost optimization, and demand visibility has contributed to the stock’s recent momentum.
