Ola Electric stock doubles in three months, fuelled by Rs 780 crore QIP and LFP cell push

Ola Electric shares climbed 6.36% to Rs 47.32, capping a 103.44% rally from March lows. The company raised Rs 780 crore via QIP at Rs 35.86 per share and is developing prismatic LFP cells for its Mahashakti grid storage product, drawing fresh institutional interest.

— Source publishedTue, 9 Jun, 2026, 17:58 IST·First seen Tue, 9 Jun, 2026, 18:26 IST·Source Business Today · Latest

What happened

Ola Electric shares rose 6.36% to Rs 47.32, up 103% in three months from March lows. Company raised Rs 780 crore via QIP and is developing prismatic LFP cells

Key facts

  • Rs 47.32
  • 6.36%
  • 103.44%
  • Rs 21.21
  • Rs 71.25
  • 33.58%
  • Rs 780 crore QIP
  • 21.8 crore shares
  • Rs 35.86 issue price
  • 15.38%
  • 9.61%
  • 5.13%

Why this matters

Ola Electric's capital raise and prismatic LFP push position it as both a partnership target for grid storage players and a benchmark for EV peers eyeing equity windows while sentiment is hot.