Ola Electric Mobility Limited hit a seven-week high of Rs 30.40 on NSE on 6 April, surging about 8% intraday. That move capped a three-day rally of roughly 34%. At 12:33 pm IST, the stock had pared gains to Rs 28.95, up 2.15%, having opened at Rs 28.80 against a previous close of Rs 28.34.

Three catalysts drove the move. On 3 April, the EV maker secured PLI certification from the Global Automotive Research Centre for its Roadster X+ 4.5 kWh motorcycle, the first Roadster variant to clear the PLI-Auto Scheme eligibility check. The firm also cut the Roadster X+ 9.1 kWh price to Rs 1,29,999 from Rs 1,89,999, citing rapid scale efficiencies at its Gigafactory.

Ola Electric has now crossed 1 million cumulative VAHAN registrations. March alone saw 10,117 units, up sharply from 3,973 in February. Over 150% MoM growth, with daily orders topping 1,000 units in the final week.

Traded value on 6 April hit Rs 745.58 crore. Some 25.27 crore shares changed hands across NSE and BSE. The stock is up 27.24% in a week and 20.52% in a month, yet sits 44.72% lower than a year ago. Its 52-week high of Rs 71.25 remains far out of reach.

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