Shares of Ola Electric Mobility Limited hit the upper circuit limit on Thursday, closing at ₹36.32 — up 20 per cent from the previous close of ₹30.27. The stock opened at ₹30.50, touched a low of ₹30.30, and surged to the upper band of ₹36.32, where it closed. Total traded volume stood at 7,864 lakh shares, with a traded value of ₹2,690.28 crore and a VWAP of ₹34.21 for the session. Market capitalisation closed at ₹16,020 crore.
The rally was triggered by Ola Electric’s April 7 exchange filing announcing readiness of its 46100 LFP (Lithium Iron Phosphate) cell, developed in-house. The larger-format cell succeeds the existing 4680 NMC Bharat Cell and is positioned to drive cost reductions across vehicles and energy storage. Commercial deployment is expected to begin next quarter, subject to regulatory approvals. The Gigafactory, currently at 2.5 GWh, is being expanded to 6 GWh.
The stock’s month-to-date gain now stands at over 56 per cent, extending a recovery that began after March registrations surged 150 per cent year-on-year to 10,117 units per VAHAN data. A ₹60,000 price cut on the Roadster X+ 9.1 kWh to ₹1,29,999, attributed to 4680 cell production efficiencies, also aided sentiment in the run-up to today’s session.
Despite the sharp rebound, the stock closed 49 per cent below its 52-week high of ₹71.25 and remains well off its all-time high. The low deliverable-to-traded quantity ratio of 13.65 per cent suggests the session was largely driven by intraday participation rather than fresh long-term accumulation.
Published on April 9, 2026