Ola Electric Mobility shares surge 12%, back near IPO price on market share gains

Ola Electric Mobility share price by 12% on January 31 Friday after data revealed the company's market share increased during January.

The stock's value returned to approximately its IPO price of ₹76 after Friday's increase.

VAHAN data demonstrates Ola Electric's market share reached 30% by January end which shows growth from 19% the previous month. Vahan Data shows Ola electric stock price today reached a 30% market share at January's end, rising from 19% in the previous month. During the launch event of Ola Electric Gen3 the company's MD & CEO Bhavish Agarwal announced that Ola Electric Mobility regained its leading market position in the EV two-wheeler segment.

Ola Electric ran a promotional discount on the S1 model during both October and November for several days. Ola Electric 2025 price target debuted in the stock market last year with its price doubling shortly after the listing before undergoing a correction.

At around 10: The Ola Electric market share reached Rs 75.0 in trading at 10:24 am which represented a 12.29% increase from its previous closing price on NSE. Ola Electric Shares started trading at Rs 67.62 in the morning and reached an intraday peak of Rs 76.53 per share up to the time noted above.

Today the company introduced the Ola Electric Gen3 during which MD & CEO Bhavish Aggarwal announced that the company has reclaimed its leading position in the EV two-wheeler market share.

Aggarwal commented that competitors became overconfident last month but assured that "we are four steps ahead of you."

The S1 model from Ola Electric stores near me received discount offers during several days in October and November.

Sales figures for December will be announced by the company in the upcoming days.

Among the eight analysts tracking Ola Electric Mobility four recommend buying the stock while two recommend holding and two recommend selling it.

The stock of Ola Electric Mobility reached twice its IPO price shortly after its market debut last year but then experienced a downturn.

Shares of Ola Electric Mobility closed 11% higher at ₹74 on Friday while the stock experienced a 14% decline in value over the past month.