Ola Electric Jumps 11% on Strong Market Rebound

Ola Electric shares surged 11 % today to around ₹32.80, rebounding sharply after last week’s sell‑off. The rally follows positive investor response to the ongoing ₹1,000 crore rights issue and renewed optimism in India’s EV sector. Analysts note short‑term bargain buying and strong pre‑order traction for the new S1Z scooter as key drivers. 💰 Fundraising & Ownership The ₹1,000 crore rights issue continues to attract participation at ₹27/share. SoftBank’s partial exit (3.58 crore REs sold) is now seen as a portfolio rebalancing, not a negative signal. Founder Bhavish Aggarwal’s 26.5 % stake remains unchanged, reinforcing leadership stability. 🚀 Product & Strategy S1Z scooter pre‑orders have exceeded internal targets, with deliveries scheduled from December 2026. Ola’s Shakti energy‑storage line is gaining traction among residential and commercial buyers. The company’s dealer‑partner retail model is expanding across seven states, improving accessibility. 🧭 Analyst Outlook Aspect Previous View Updated View Goldman Sachs Rating Sell (₹23 target) Under review post rebound Market Sentiment Bearish Turning Neutral‑Positive 12‑Month Trend −40 % Recovery phase initiated Key Catalyst Rights issue & S1Z demand Sustained EV momentum