Ola Electric – Recovery / EV Watch

$OLAELEC Important Levels: Support: ₹39 – ₹40 Resistance: ₹44 – ₹47 Structure: High-volatility recovery attempt Business: Indian electric two-wheeler manufacturer with a growing EV ecosystem. Expanding beyond electric scooters into battery technology and energy-storage opportunities. Earnings / Trigger: Ola Electric's Q1 FY27 revenue from operations was ₹455 crore, while market share increased from 5.1% to 8.4%. The company also reported a consolidated net loss of ₹336 crore. The company recently announced a 20 GWh battery energy-storage MoU with Axis Energy, adding another potential growth avenue. Verdict: 👉 High-beta EV stock with improving market-share momentum 👉 Battery-storage expansion is an important additional theme