Ola Electric, which has struggled with myriad issues in the past, has also suffered at Dalal Street. The company shares have plummeted significantly in the recent months of trade.
Ola Turns It Around
However, week 12 of 2025 is a lot different from all its previous weeks at the secondary markets.
The company, lifted up by the rally in the larger equity markets, which saw Sensex and Nifty have their best week in 2025, ended the week with major gains.
The company shares closed Friday, the last day of trading with colossal gains of 8.26 per cent or Rs 4.27 in just a single trading session.
The larger picture of the past week is even brighter, as the Bhavish Aggarwal-led company saw its shares surge by a colossal 14.71 per cent or Rs 7.18 in the past 5 trading sessions or the past week of trade.
This took the overall value of the company listed on the National Stock Exchange (NSE) to Rs 55.98 per share.
Ola’s Problems
This has been an exceptional week for the equity markets, as the indices outperformed all expectations. It was also an exceptional week for Ola Electric at the bourse, as the company managed to cover the ground, and expanded the value of its shares by close to 15 per cent in a week while putting fires one after the other.
First, the company showrooms across the country were raided by authorities over violation of license norms, as the reports suggested that the company did not have adequate documents for running the showrooms.
This was followed by a report that suggested that the company had major discrepancy in its sales numbers.
The report suggested that the company claimed sales of about 25,000 units of its e-scooters in February; all this while, there were about 8,600 registration on the government’s Vahan portal.
Ola’s Response Helps Shares
This resulted in the company coming under the scanner of the centre, which asked for an explanation.
The Bengaluru-based company came out, and issued a statement, dispelling the claims. In its statement, the company said, “This is a straightforward case of a temporary registration backlog, yet certain media outlets and vested interests have deliberately misrepresented it as a regulatory issue through misinformation and smear campaigns.”
This response, send the shares soaring on the last day of the wee.
