After making its Dalal Street debut on August 9, Ola Electric Mobility Ltd.’s shares maintained the spotlight during Monday’s trading session. The company touched another higher circuit for the day.
On Monday, Ola Electric’s shares, which have a market valuation of around 64,400 crore, were locked in 10% upper circuit at 146.03.
In just six sessions since the stock’s market listing on August 9, Friday, Ola Electric Mobility’s shares had increased by 92%. The issue price of Rs 76 was the flat note price at which the stock was launched. In four of the six sessions since the stock’s debut, it has reached the upper circuit.
Disclaimer: The information provided in this article is for informational purposes only and should not be considered as financial advice. The data and figures presented are based on publicly available information and may be subject to change. Before making any investment decisions, it is recommended to conduct thorough research, consult with financial advisors, and consider your individual investment goals and risk tolerance. The author and publisher of this article do not assume any responsibility for any investment decisions made based on the information provided.