Ola Electric shares sink 5% as one-month lock-in period expires; 18.18 crore stocks eligible for trade
Around 18.18 crore shares, representing 4% of Ola's outstanding equity, will become eligible for trading in the secondary market from today.
ola electric mobility
September 2024
August 2024
April 2021
Ola Electric shares jump 4% as mass market scooters get PLI certification
PLI incentive would range between 13% and 18% of the determined sales value, says Ola Electric
From ₹76 to ₹146: Ola Electric shares nearly double in 6 sessions
The BSE has revised the circuit limit of Ola Electric Mobility from 20% to 10% to stop any unduly rising of the stock price.
Newly listed Ola Electric’s Q1 loss widens to ₹347 crore; revenue grows 32%
Sequentially, the loss of Ola Electric dropped 16% from ₹416 crore in March quarter of 2024, while revenue slipped by 2.9% from ₹1,598 crore in Q4 FY24.
Ola Electric shares hit 20% upper circuit for 2nd session; m-cap rises by nearly ₹15,000 cr
The auto stock has risen 44% in two sessions against its IPO price of ₹76, while its m-cap has surged by ₹14,737 crore to ₹48,259 crore.
Ola Electric's 20% rally on IPO debut makes investors richer by ₹6,704 cr
Ola’s co-founder and CEO Bhavish Aggarwal, who owns 1,32,39,60,029 shares in the company, is now worth ₹12,074.5 crore.
Ola Electric makes muted debut; shares list flat at ₹76
Post listing, shares of Ola Electric rose as much as 4.82% to ₹79.66, while the market capitalisation climbed to ₹35,137 crore.
The big electric scooter battle
Ola Electric has plans for a mega facility that will make one e-scooter every two seconds. But before Ola conquers the world, it has to contend with local rivals and India’s anaemic EV sales.
Watch: India’s two wheel r‘EV’olution
In the first episode of the fortnightly show ‘Biz Buzz’, with Hero Electric’s MD Naveen Munjal as our special guest, we discuss the likely disruption in India’s e-scooter space, and the way forward.
Why Ola has the e-scooter market all charged up
Ola Electric is seeking to disrupt the e-scooter market with its mega factory in Tamil Nadu. This could accelerate the shift to electric vehicles and shake up the EV market in India.
