Ola Electric Shares Soar 16% in 2026 Amid Turnaround Hopes

• Ola Electric shares surged 16% in the first three trading days of 2026, reaching ₹44.28 on BSE.
• The rally is driven by positive results from the company's service transformation program, improved demand, and increasing market share.
• Market share in electric two-wheelers rose to 9.3% in December 2025, with a further increase to 12% in the latter half of the month.
• The company deployed 250 rapid response technicians, began deliveries of its S1 Pro+ 5.2 kWh scooter, and received certification for Roadster X+ motorcycle.
• Despite recent gains, shares are still significantly below their one-year high and issue price, with technical resistance at ₹45.

Why It Matters: Ola Electric shares rally on turnaround hopes and improved market share, but face significant recovery ahead.