India, May 29 -- Shares of Ola Electric surged over 9% during the intraday trading on the BSE, hitting a high of Rs.42.84 as investor sentiment turned positive following improving operational performance and signs of demand recovery.

The stock later pared some of the gains and was trading 7% higher at around Rs.42 at 12:52 IST. The company's market capitalisation stood at approximately Rs.18,525.4 Cr (about $1.9 Bn).

The stock has rallied nearly 14% in the past two trading sessions. It has also more than doubled from its 52-week low of Rs.21.21 (hit on March 2, 2026). However, it still remains below its 52-week high of Rs.71.24, which it touched on September 4, 2025.

Over the past year, the stock is down 21%, though it has gained 12% s...