Why did OLAELEC.NS spike 12.83% on 02 Jan 2026?

The jump reflected heavy trading interest with 285,205,567 shares changing hands, about 7.56x the average. No single confirmed fundamental catalyst was reported; the move appears volume-driven and sentiment-led ahead of upcoming earnings on 06 Feb 2026.

What is Meyka AI's short-term forecast for OLAELEC.NS?

Meyka AI's model lists a monthly projection of INR 10.76, a quarterly target of INR 4.30 and a 1-year projection of INR 34.76 versus the current INR 40.89. These are model-based projections and not guarantees.

How does OLAELEC.NS valuation compare to its sector?

OLAELEC.NS has a price-to-book of 3.61, close to the Consumer Cyclical sector PB of 3.74, but a negative PE versus the sector average PE of about 37.18, reflecting current losses and a valuation gap against profit-making peers.

Should I trade OLAELEC.NS after this session?

Active traders can use the volume spike and technical trend for momentum strategies but should manage risk given negative earnings and volatility. Long-term investors should await clearer earnings improvements and cash-flow signs.

IN Stocks

OLAELEC.NS up 12.83% to INR 40.89 on 02 Jan 2026: Market closed, most active

ByHuzaifa Zahoor January 2, 2026January 2, 2026

OLAELEC.NS jumped 12.83% to INR 40.89 on 02 Jan 2026 as NSE trading closed, finishing the session as one of the market’s most active names. Ola Electric Mobility Limited (OLAELEC.NS) saw unusually high turnover of 285,205,567 shares versus an average of 37,703,896, driving a sharp intraday range of INR 37.72 to INR 41.20. In this market-closed review we break down the volume-driven move, valuation metrics, technical setup and short-term forecasts to frame trading and investment implications for Indian investors.