Ola Electric hits 6-month high, leads Nifty Midcap 150 with 14% surge

Ola electric shares surge today: Shares of Ola Electric Mobility led the gainers on the Nifty Midcap 150 index on Monday, soaring 14.12 per cent to close at Rs 61.68, driven by strong investor interest, recent government incentives, and active corporate engagement.

This marks the stock’s highest level in over six months, continuing a strong rebound from its July lows. With today’s gains, Ola Electric has now rallied over 54 per cent in just 12 trading sessions, making it one of the best-performing midcap stocks in recent weeks.

Nifty Midcap 150: Broad-Based Gains

Ola Electric’s rally was accompanied by notable gains in other index heavyweights. At 1:00 PM, the top performers on the Nifty Midcap 150 included:

Tube Investment: Rs 3,095.70, up 4.53 per cent

MphasiS: Rs 2,911.90, up 4.44 per cent

Hindustan Zinc: Rs 437.25, up 4.29 per cent

Dixon Technologies: Rs 17,385.00, up 4.16 per cent

Broader market sentiment remained upbeat as midcap stocks continued to attract both retail and institutional flows.

Why Ola Electric shares are rising today?

Ola Electric’s momentum follows its announcement on August 26 that it has secured Production Linked Incentive (PLI) certification for its Gen 3 scooter portfolio. According to the company, this portfolio represents the majority of its sales, and the certification is expected to enhance profitability starting Q2 FY26.

Under the PLI scheme, Ola Electric will be eligible for incentives ranging from 13 per cent to 18 per cent of the determined sales value until FY28 — a move that is expected to strengthen margins and improve cost efficiency.

Investor & Analyst Engagement Underway

The company has also been actively participating in investor and analyst meetings, further boosting confidence in its growth trajectory. Market watchers say these interactions have helped address concerns around supply chains, regulatory clarity, and long-term strategy.

Stock Recap: From Lows to Highs

Record low: Rs 39.58 (July 14, 2025)

Latest close: Rs 61.68 (September 1, 2025)

12-day gain: Up 54 per cent

5-day gain: Up 26 per cent

The stock has now comfortably recovered from its July lows, reflecting a sharp reversal in sentiment driven by both fundamentals and technical buying.