# Ola Electric Shares Surge 16% Despite Brokerage Downgrades

> Ola Electric shares jumped 16.3% on Tuesday, their biggest single-day gain since April, even as brokerages cut ratings.
- Title: Ola Electric Shares Surge 16% Despite Brokerage Downgrades
- Summary: Ola Electric shares jumped 16.3% on Tuesday, their biggest single-day gain since April, even as brokerages cut ratings. Ola Electric shares rose 16.3% to…
- Keywords: ola electric, ola electric mobility, bse, nse, goldman sachs, hsbc, investec, softbank, rights issue, ola electric shares, trading volume, auto sector
- Source: mint — https://livemint.com/market/stock-market-news/ola-electric-shares-surge-16-biggest-1-day-gain-since-april-why-is-the-stock-rallying-despite-brokerage-downgrades-11793103468902.html
- Author: A Ksheerasagar
- Published: 2026-10-27T12:33:21+00:00
- Read time: 1 min
- Topics: ola electric, ola electric mobility, bse, nse, goldman sachs, hsbc, investec, softbank, rights issue, ola electric shares, trading volume, auto sector
## Ola Electric Shares Surge
Ola Electric shares jumped 16.3% on Tuesday, October 27, their biggest single-day gain since April.
## Trading Volumes Spike
Trading volumes surged to 345 million shares, nearly 3.2 times the weekly average.
## Brokerage Downgrades
Goldman Sachs downgraded Ola Electric to 'Sell' from 'Neutral' and cut its target price to ₹23 per share.
## Market Context
The stock remains down 4% for the month despite the rebound, following a five-month low after downgrades.
## SoftBank Sells Rights
SoftBank's SVF II Ostrich sold 3.58 crore rights entitlements in Ola Electric through October 26.
## Rights Issue Details
Ola Electric seeks ₹1,000 crore through a rights issue, with SVF II holding 11.70% stake.
## Why the Rally?
Improved auto-sector sentiment and Ather Energy's profitability boosted investor confidence.
## Key takeaway

Ola Electric shares rose 16.3% to ₹34.80 after trading volumes spiked, despite Goldman Sachs and HSBC downgrades.