Ola Electric shares touched a day’s high of ₹40.51 on Thursday, jumping nearly 9%, breaking a three-day streak of losses on the counter.

Volumes told the real story here. Ola Electric was one of the most actively traded stocks on the exchange that day, ranking third by volume behind Vodafone Idea and PC Jewellers.

Over 179.9 million shares changed hands, which is a huge number even by Ola Electric’s own standards.

So what pulled the stock out of its slump? Part of the answer lies in a retail expansion move the company made just last week.

On September 4, Ola Electric confirmed that its first wave of dealer-operated stores had officially gone live. These aren’t company-run outlets.

They’re run by local dealer partners, and the idea is to get Ola scooters into more towns and cities faster than the company could manage on its own.

The first batch of these stores has opened across Rajasthan, Tamil Nadu, Maharashtra, Bihar, Telangana, Uttar Pradesh and Madhya Pradesh.

According to the company, shifting to this dealer led model should help it reach more local markets, respond faster to customer demand, and generally make its scooters easier to find and buy.

There’s also a financial angle worth noting here. Ola Electric’s June quarter results showed a net loss of ₹336 crore, narrower than the ₹428 crore loss it posted in the same quarter last year.

Revenue did fall around 45% year on year to ₹455 crore, but the company still managed to hold its gross margin at 30.5%, even as input costs for copper, aluminium and lithium stayed elevated.

Put together, a narrower loss and a fresh retail push seem to have given investors enough reason to step back in after three straight days of selling.

On Thursday, Ola Electric closed at ₹39.15 on the NSE, up 4.93% for the day.

The future of investing is here! Tradz by EquityPandit leverages advanced AI technology to provide you with powerful market predictions and actionable stock scans. Download the app today and 10x your trading & investing journey!