Ola Electric doubles to ₹47 as investors back 'Hail Mary' vertical integration bet

Stock has doubled from March lows on hopes its Bharat Cell and in-house battery/powertrain push will revive growth, even as market share halves below 9%, May sales fall 20% YoY, and Q4FY26 Ebitda loss stays steep at ₹281 cr on ₹265 cr revenue. TVS, Bajaj and Ather keep gaining in a 60%-growing EV 2W market.

— Source publishedWed, 10 Jun, 2026, 14:20 IST·First seen Wed, 10 Jun, 2026, 14:29 IST·Source Mint · Markets

What happened

Ola Electric stock has doubled from March lows to ₹47 as investors bet on its vertically integrated EV ecosystem ambition (Bharat Cell, battery, powertrain)

Key facts

  • ₹47 share price
  • ₹780 crore QIP
  • market share below 9%
  • May sales -20% YoY
  • EV 2W market +60%
  • Q4FY26 Ebitda loss ₹281 cr
  • Q4FY26 revenue ₹265 cr
  • Q3FY26 Ebitda loss ₹271 cr

Why this matters

Ola's weakening position (<9% share, -20% YoY May sales) and capital-intensive Bharat Cell pivot create optionality for strategic partnerships or asset-level deals if the integration thesis falters.

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