50,000 turned into 1 lakh! There was such a storm in the shares of Ola Electric, there was a rush to buy it.

These days, Ola Electric’s stock has become the talk of the town for those betting in the stock market. This stock, which was continuously falling for the last few months, has now made such a strong comeback that everyone is surprised. When the market closed on May 29, 2026, Ola shares closed at Rs 41.57 with a jump of about 6 percent. In just two days, this stock has gained 14 percent, while in the last six days it has increased by almost 20 percent.

If we look back a little, this year on March 2, 2026, this share was crawling at its lowest level of Rs 21.21 (52-week low). But from there till now it has given a whopping return of 102 percent to the investors. That means, if someone had invested Rs 50 thousand in Ola shares in the beginning of March, then today his Rs 50 thousand would have directly turned into Rs 1 lakh. After all, how did this sluggish stock suddenly come to life? Let us know those 5 big reasons which made this stock a rocket.

Big reduction in losses and improvement in customer service

The success of any company in the market happens only when its financial condition starts improving. The results of March 2026 quarter have given a big relief to Ola investors. Even though the total income of the company has come down from Rs 611 crore to Rs 265 crore, the best thing is that the net loss of the company has come down directly from Rs 870 crore to Rs 500 crore. With this, the operating cash flow of the company has also become positive for the first time.

Apart from the figures, the company has worked day and night to improve its biggest weakness i.e. ‘after-sales service’. For some time, there was resentment among customers due to poor service and sales were declining. But the management claims that between October 2025 and March 2026, there has been a huge reduction of 88 percent in the time taken for service. Due to speedy disposal of old complaints, customer confidence is returning again.

Showrooms become brighter, demand for two-wheelers picks up pace

The demand for Ola’s electric two-wheeler has started shining once again in the market. The company has set a big target of selling 40,000 to 45,000 vehicles for the current June quarter. Vehicle registration figures are also testifying to this. While 12,206 units were registered in April, by May 28 this figure reached 12,790 units. Thus, more than 25,000 vehicles have been sold so far in this quarter. Seeing this fast pace of sales, the confidence of investors is continuously getting strengthened.

Battery Gigafactory and double dose of AI

The company is leaving no stone unturned in preparing for the future. Ola’s Battery Gigafactory has now reached the next phase of its expansion. The company has set a target of taking its commercial battery manufacturing capacity to 6 GWh by financial year 2027, which will lead to a significant reduction in costs.

Along with this, the company is making extensive use of Artificial Intelligence (AI) to make its operations hi-tech. Ola’s AI system is automatically handling about two lakh calls every day. Its benefits are being felt in sales and servicing, due to which the work of the customers is now being done in a transparent manner without any delay.

Shares are still far away from record high, what are the challenges ahead?

Even though Ola’s stock is seeing a stormy rise right now, it is important to look at the other side of the coin as well. This stock is still trading much below its IPO price of Rs 76. Not only this, after listing this share had made an all-time high of Rs 157, compared to which the current price is very low. If we look at the overall performance of the last one year, investors are still sitting at a loss of about 22 percent.

Experts also believe that due to rising prices of raw materials in the coming days, there may be pressure on the company’s gross margin in the first half of the financial year 2027. In such a situation, everyone’s eyes are on the next move of this stock.