By BullScreen Editorial Team 
Shares of Ola Electric extended their sharp rally on Friday, April 10, 2026, rising as much as 8.69% intraday to ₹39.50 on the BSE amid strong trading volumes. The stock opened higher at ₹36.80 versus the previous close of ₹36.34 and was last seen trading at ₹38.30, up 5.39%. Market capitalisation stood at ₹16,893.48 crore.
The EV stock has surged 33.91% over the past three sessions, significantly outperforming the broader sector by 4.67%. On the NSE, the stock also hit its upper circuit limit, gaining 20% to ₹36.32. Over a longer period, shares are up 28.16% in a week and 56.98% in a month, although they remain marginally down 3.20% year-to-date. The stock had touched a 52-week low of ₹22.25 on March 16, 2026, and a high of ₹71.25 in September 2025.
The rally is largely driven by the company’s recent announcement of its in-house developed lithium iron phosphate (LFP) battery cell. The new 46100-format LFP cell is larger than its existing 4680 Bharat Cell and is expected to improve cost efficiency, scalability, and performance across electric mobility and energy storage applications.
The company said the new battery technology will be integrated into its products from the next quarter. This development comes alongside steady progress at its Gigafactory, where production scale-up continues.
Analysts view this milestone as strategically important, as LFP technology is considered key to lowering EV costs and accelerating adoption in India. The move also strengthens Ola Electric’s push towards building a vertically integrated EV and energy ecosystem.