By comparison, HDFC Bank, the second most traded stock, posted a ₹1,944 crore turnover on Monday, followed by Eternal at ₹1,554 crore. Moreover, Ola Electric has ranked among the top ten traded stocks for nine consecutive sessions, surpassing even blue-chip peers.
Over the same period, HDFC Bank appeared seven times, while Eternal and Reliance Industries featured six times each, trading data compiled from exchanges show.Ola Electric’s latest rally follows its announcement of securing PLI (Production-Linked Incentive) certification for its entire Gen 3 scooter portfolio. All seven S1 Gen 3 models have now been approved, the company said.
With Gen 3 scooters accounting for 56% of the company’s overall volumes, the approval is particularly significant. Together with its already certified Gen 2 range, Ola Electric is now eligible for 13%-18% incentives on sales value through 2028, a move expected to be earnings accretive from Q2 FY26.
The company has also regained sales momentum over rival Ather Energy. As of 28 August, Ola sold 15,514 units, narrowly surpassing Ather’s 15,457 units to reclaim the second spot in the segment, according to VAHAN data.
After rallying 31% in August — its best monthly rally since the much-hyped listing — Ola Electric gained another 15.6% on Monday, closing at ₹62.48 on the NSE. Despite the rebound, the stock still trades about 18% below its IPO price of ₹76.
