Ola Electric
Ola Electric shares jump 20% on second day of trading amid strong demand
Mumbai/IBNS: Shares of recently listed Ola Electric Mobility jumped 20 percent to hit an upper circuit of Rs 109.44 apiece on Monday (August 12), extending gains for a second consecutive session.
This follows another 20 percent rally that triggered the upper circuit on Ola Electric's market debut last Friday (August 9).
In terms of volumes, as many as 14 crore shares changed hands in the morning, lower than the 57 crore shares traded on Friday, as per reports.
According to reports, the Bhavish Aggarwal-led company mobilised Rs 2,763 crore from the anchor investors on August 1.
Domestic mutual funds, domestic life insurance companies and foreign funds were reportedly part of the anchor allotment.
Ola Electric Mobility will announce its Q1 results on Wednesday (August 14), while the company will hold its first board meeting since listing on the same day.
The meeting will consider and approve the unaudited standalone and consolidated financial results for the quarter ended June 30, 2024, Moneycontrol reported, citing a filing by the company.
Support Our Journalism
We cannot do without you.. your contribution supports unbiased journalism
IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.
