SoftBank sells 1.21 crore Ola Electric rights entitlements as EV maker seeks to raise Rs 1,000 crore
Ola Electric launched an initiative in an energy transition development.
· Economic Times Markets, ET Stocks
SoftBank sold nearly 28% of its Ola Electric rights entitlements over two sessions as the company launched a Rs 1,000-crore rights issue. Meanwhile, Motilal Oswal entities applied for 2.39 crore shares amid declining revenue and persistent losses.
The analysis
Ola Electric reported Rs 1,000 crore and Rs 1,000, with movement of 28% attached to those lines. Those are the figures as filed — what moves the price is how they sit against what the market already expected, not their absolute size.
Against that, the stock is -5.6% on the day at ₹33.18, and has returned -12.2% over three months. It sits 35% below its 52-week high, which means a good deal of bad news was already in the price. The auto sector has moved -7.7% over the same period, so Ola Electric is running 4.5 points behind its peers.
For Ola Electric, the question is how much of this is already reflected in the price and how much re-rates the auto peer set alongside it.
Why it matters
- The shift to renewables is redrawing which energy names are structural winners versus stranded.
- Buybacks, dividends and splits change what a shareholder actually receives, and often signal how management reads its own value.
Market context
- In focus: Ola Electric (OLAELEC), in Auto.
- On the day, 0 of 2 are higher: Motilal Oswal leads at -4.5% and Ola Electric trails at -5.6%.
- Over three months: Ola Electric -12.2% against Auto -7.7% (4.5 points behind); Motilal Oswal +12.6% against Capital Markets -6.3% (18.9 points ahead).
- At least 25% below the 52-week high: Ola Electric (35%).
- Trading well above normal today: Motilal Oswal at 2.4 times its 20-day average volume.
| Company | Price | Day | 1M | 3M | From 52-wk high | Volume vs 20-day | Market cap |
|---|---|---|---|---|---|---|---|
| Ola ElectricOLAELEC · Auto | ₹33.18 | -5.6% | -10.1% | -12.2% | -35.1% | 0.7× | — |
| Motilal OswalMOTILALOFS · Capital Markets | ₹941.95 | -4.5% | -5.2% | +12.6% | -12.9% | 2.4× | — |
Auto
1M -5.8% · 3M -7.7%
Ola Electric
Capital Markets
1M -2.9% · 3M -6.3%
Motilal Oswal
Prices as of 30 Oct 2026, 16:10 IST. Sector moves are the average of the stocks we track in each sector.
In this story
Related coverage
Ola Electric's ₹1,000 cr rights issue fully subscribed as shares rally 23%
Motilal Oswal Q2 Results: PAT nearly quadruples to Rs 1,070 crore; revenue up 20%
TVS Motor to raise e2W capacity to 80,000 units a month by March 2027
Maruti Suzuki India's EV exports cross 50,000 units since August 2025
Adani Enterprises Q2 Review: Jefferies Maintains Buy, Sees 54% Upside; Motilal Oswal Stays Bullish