Ola Electric Mobility soars 18% more today, rallies 58% in 3 days. Here's why

Ola Electric Mobility made a debut at par with the issue price of ₹76 but has rallied 58 percent in just three days.

Updated on: Aug 13, 2024, 11:18:53 IST

By HT News Desk

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Ola Electric Mobility shares rose over 18 per cent to ₹129.40 as the stock continued its stellar run after hitting the 20 per cent upper circuit for two consecutive days. The company made a debut at par with the issue price of ₹76 but has rallied 58 percent in just three days.

Ola Electric IPO: Ola Electric CMD Bhavish Aggarwal addresses the media during the announcement of the company's forthcoming initial public offering (IPO), in Mumbai. (PTI)

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Additionally, Ola Electric is set to unveil its first electric motorcycle on Independence Day. In August 2023, Ola showcased concept models, including the Diamondhead, Adventure, Roadster, and Cruiser.

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HT News Desk
Follow the latest breaking news, major developments and agenda-setting stories from India and around the world with the newsdesk at Hindustan Times. Operating round the clock, the desk brings together experienced editors, reporters and correspondents to deliver fast, accurate and contextual reporting across subjects that influence public policy, governance, business, society and international affairs. The HT News Desk covers politics, elections, government policies, the economy, business and markets, science and technology, the environment, law and order, infrastructure, education, climate issues and geopolitics, while closely tracking developments across states, institutions and global capitals. The team also leads coverage of major breaking news events, policy announcements, court proceedings, natural disasters, public emergencies and significant international developments. Reports published by the newsdesk are based on information gathered from reporters on the ground, official statements, government agencies, court records, regulatory filings, recognised institutions and other authoritative sources. Stories undergo editorial scrutiny and verification processes to ensure accuracy, fairness and relevance, and are updated as events evolve and additional information becomes available. Whether covering a key political decision in New Delhi, an economic policy shift affecting millions, a landmark court ruling or a major global event, the HT News Desk aims to provide readers with reliable, fact-based journalism that delivers not only the latest developments but also the context and analysis needed to understand their wider implications.Read More

Ola Electric Mobility soars 18% more today, rallies 58% in 3 days. Here's why

Ola Electric Mobility made a debut at par with the issue price of ₹76 but has rallied 58 percent in just three days.

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Read more: Unicommerce eSolutions makes stellar market debut: Lists at 118% premium