EV stock under Rs 55 per share: Company Share Price Jumps Over 24% in Two Days, Still Below IPO Price of Rs 76

DSIJ Intelligence-2 / 20 Aug 2025/ Categories: Mindshare, Trending

By Wednesday, Ola Electric’s stock had climbed to Rs 50.72 on the NSE, up 13.14 per cent for the day and 24.5 per cent over two sessions.

Ola Electric shares continued their upward momentum for the second consecutive day on Wednesday, August 20, 2025. The stock price surged over 14 per cent during morning trade, extending its two-day rally to nearly 24.5 per cent. Investor sentiment improved after founder and chairman Bhavish Aggarwal outlined new growth initiatives and innovation strategies.

On Independence Day, August 15, 2025, Ola Electric unveiled its ‘India Inside’ vision. The strategy emphasises vertical integration, technology built in India, and complete supply chain sovereignty. The company showcased its in-house ferrite motor, eliminating dependence on magnets with heavy rare earth (HRE). It also announced the launch of new products—S1 Pro+, S1 Pro Sport (5.2kWh), and Roadster X+ (9.1kWh)—powered by 4680 Bharat Cell technology.

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The S1 Pro Sport will be available at Rs 1,49,999, with deliveries beginning in January 2026, while the S1 Pro+ and Roadster X+ will be priced at Rs 1,69,999 and Rs 1,89,999, respectively. Customers booking during Navratri will get an additional Rs 10,000 discount. According to Ola Electric’s R&D head Rajesh Mekkat, the 4680 Bharat Cell offers a battery life of over 15 years, five times more capacity than rivals, and can charge up to 80 per cent in just 15 minutes.

Ola Electric is pioneering India’s first ferrite motor, expected to launch in Q3 FY26. The move reduces dependence on heavy rare-earth imports and strengthens cost efficiency. Additionally, India’s free trade agreement with Australia provides a steady supply of lithium and manganese, key inputs for EV battery production.

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The company also revealed its modular Gen 4 platform, which will power future two-wheeler, three-wheeler, and four-wheeler EVs. Ola showcased the working prototype of its high-performance electric motorcycle, Diamondhead, targeting a sub-Rs 5 lakh price point by CY2027. The bike promises 0-100 km/h acceleration in just 2 seconds, along with features like self-driving and remote summon capabilities.

The share rally began on Tuesday with an 8.5 per cent gain after management announced steps to reclaim market share and improve profitability in India’s competitive electric two-wheeler industry. By Wednesday, Ola Electric’s stock had climbed to Rs 50.72 on the NSE, up 13.14 per cent for the day and 24.5 per cent over two sessions.

Despite this surge, the share price remains below its IPO issue price of Rs 76. Ola Electric currently holds a market capitalisation of Rs 22,619 crore. The stock has a 52-week high of Rs 157.40 and a low of Rs 39.60. Investors are keenly watching whether the company’s new product strategy, upcoming Quarterly Results, and possible announcements like dividend or bonus issues could drive long-term multibagger potential.