Electric vehicle-related stocks delivered exceptional gains on Wednesday, March 18, with JBM Auto settling 19% higher at ₹585.30 on the BSE, followed by Olectra Greentech rallying over 17% to ₹1058.15, Ather Energy and Ola Electric settling 4-5% positive. According to The Hindu BusinessLine, these stocks are among the top gainers on the BSE Smallcap index, demonstrating robust investor interest in the electric vehicle sector. The strong performance came as investors bet that persistently high crude oil prices could accelerate the shift toward electric mobility.
JBM Auto's shares are experiencing their biggest single-session gain since September 2025, marking the second consecutive day of gains for the company. As reported by CNBC TV18, the stock is trading on exceptionally high volumes with more than 91 lakh shares changing hands by 11 AM, significantly above its 20-day average of just under 90,000 shares. The stock has also become the third-most traded on the Nifty 500 currently, indicating strong institutional and retail investor participation.
Olectra Greentech shares are experiencing their biggest single-day gain since July 2025, marking the third consecutive session of gains for the company. According to CNBC TV18, more than 12 lakh shares have changed hands on the exchanges by 11 AM, substantially above their 20-day average of 1.2 lakh shares. The stock has demonstrated consistent performance with gains in three straight sessions, reflecting sustained investor confidence in the company's prospects.
Ather Energy shares are trading with gains of 6% on Wednesday and have delivered positive returns in seven out of the last eight trading sessions. As reported by CNBC TV18, nearly 25 lakh shares have changed hands by 11 AM, representing nearly 6x higher than their 20-day average of 4.2 lakh shares. The stock is also trading close to its 52-week high in today's session, indicating strong technical momentum and investor sentiment.
Investors are anticipating that rising fuel costs amid West Asia conflict will accelerate consumer demand for electric vehicles, as buyers increasingly look for cost-efficient alternatives to petrol and diesel transportation. According to The Hindu BusinessLine, expectations of a targeted government push to reduce oil dependence are strengthening confidence in the sector's long-term prospects. However, the auto sector had witnessed recent pressure due to heightened fears of natural gas supply disruption, fuel availability and rising cost pressures. The strong performance of electric mobility stocks defied broader market weakness, highlighting investor optimism about the sector's growth trajectory.
