Ola Electric Hits Highest Volumes Since Listing; Kirloskar Electric, Jyothy Labs Eye Upside: SEBI Analysts

Ola Electric was the big mover in Wednesday’s trading session, soaring nearly 19% on record volumes and crossing the ₹50 mark after two months. 

SEBI-registered analyst Akhilesh Jat shared his outlook on crucial levels to watch. Meanwhile, analyst Vinay Taparia flagged breakouts in Kirloskar Electric and Jyothy Labs. 

Let’s take a look at their stock recommendations:

Ola Electric Hits Highest Volume Since Listing; Crosses ₹50 After 2 Months 

Ola Electric shares witnessed a sharp rally, surging 18.7% in Wednesday’s session with the highest trading volume since listing. Prices crossed the ₹50 mark after two months, extending the momentum as the stock has gained over 29% in just two sessions. The renewed buying interest is attributed mainly to expectations around anticipated GST reforms, which have lifted sentiment in the EV space. 

Jat noted that the ₹55.28–₹58.95 range has emerged as a key resistance zone, where investors are closely tracking price action.

Kirloskar Electric Company

Taparia said that Kirloskar Electric saw a good breakout with volumes. The stock can move to ₹135-₹144 in the short term. But a close below ₹112 negates this view.

Jyothy Labs

And Jyothy Labs saw a good breakout. The stock can move to ₹380-₹425 in the next six to nine months, but a close below ₹320 invalidates this outlook.

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