If you own OLA Electric shares or were thinking of buying, today brings tough news. The OLA Electric share price crashed to a fresh lifetime low of around ₹27.43 on February 17, 2026. The stock dropped another 4.8% in trade, continuing a painful slide that has wiped out huge value in recent weeks.
In just the last four sessions, the OLA Electric share price has fallen over 12%. From a 52-week high of ₹71.25, it now sits painfully close to ₹27.39.
OLA Electric share price
| Detail | Value |
|---|---|
| Current Price (NSE) | ~₹27.43 |
| Today’s Change | -4.8% |
| 52-Week High / Low | ₹71.25 / ₹27.39 |
| Recent 4-Session Drop | Over 12% |
Why Is the Stock Falling So Hard?
The big trigger came from weak Q3 FY26 results released over the weekend. Revenue from operations plunged 55-57% year-on-year to just ₹470 crore (from ₹1,045 crore last year). Vehicle deliveries crashed 61% to 32,680 units against 84,029 units a year ago.
Brokerages turned very negative. Emkay Global downgraded from ‘Buy’ to ‘Sell’ and cut their target price 60% — from ₹50 to ₹20. They point to high risks in execution and fast loss of market share.
Adding fuel to the fire, a South Goa Consumer Commission issued a bailable warrant against CEO Bhavish Aggarwal on February 14. He didn’t appear in court over ongoing complaints about faulty scooters and bad after-sales service.
Once holding over 25% of the electric two-wheeler market, Ola’s share has shrunk to roughly 6% in early 2026. TVS iQube and Bajaj Chetak are taking away customers quickly.
What Is Management Doing?
The company calls this phase a “structural reset.” They are:
- Shrinking the store network to about 700 outlets to save money
- Launching “Hyperservice” to clear the huge repair backlog
- Cutting quarterly operating costs from ₹430 crore to ₹250–300 crore
But investors remain worried. The company now sits in a net debt position of ₹670 crore (as of first 9 months of FY26), with less cash to fight rising competition.
Outlook for OLA Electric Share Price
Right now the mood stays bearish. The OLA Electric share price reflects deep concerns over slowing sales, legal issues, and tougher rivals. Until clear signs of recovery show up, pressure may continue.
Disclaimer: This content is for informational purposes only and should not be considered professional [financial/legal/medical] advice. Always seek the advice of a qualified professional before making any decisions based on this information.
Sources & References
- https://www.livemint.com/market/stock-market-news/ola-electric-share-price-cracks-61-from-52-week-high-down-3-5-today-heres-why-11771301738920.html
- https://www.tradingview.com/news/moneycontrol:ba5cf6c21094b:0-ola-electric-shares-tumble-7-to-all-time-low-after-q3-revenue-more-than-halves-brokerages-see-up-to-35-downside/#:~:text=Ola%20Electric%20on%20February%2013,of%20the%20previous%20financial%20year.
- https://www.businesstoday.in/markets/stocks/story/orient-tech-ola-electric-shares-slump-up-to-14-post-q3-results-more-pain-ahead-516261-2026-02-16
Yogesh Kolhe is a business and market news writer covering the share market, company earnings, and gold and silver price movements, with a strong focus on the automobile sector. A Mechanical Engineering graduate with 5 years of share market experience, he provides data-driven, reliable insights into market and industry trends.
