Ola Electric’s stock price increased by 15% on Monday, carrying over its Friday gains. Ola Electric Mobility’s stock price rose on Friday as a result of strong investor demand and the country’s expanding use of electric vehicles. The largest e-scooter maker in India ended 20% over the highest allowed price of Rs 91.20, which was more than the price of the shares during their first public offering, which was Rs 76.
The price of Ola Electric shares opened on Friday at ₹75.99, which was 0.01% less than the BSE issue price. The stock quickly bounced again, hitting the upper circuit limit of ₹91.18, up 19.97%. At the issue price of ₹76, the company’s shares were listed on the NSE. After that, the stock rocketed up to its upper circuit limit of ₹91.20, a spectacular 20% gain.
As of 10:29 am, Ola Electric shares were trading 18.77% higher at Rs 108.70 on the NSE.
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