PLI approval

Ola Electric shares: Ola Electric shares slip 7% as profit-taking hits stock

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Ola Electric shares: Ola Electric shares slip 7% as profit-taking hits stock

Shares of newly listed Ola Electric Mobility fell 7% to Rs 128.2 in Thursday’s intraday trade on the BSE amid profit booking. The 2-wheeler EV player stock has experienced a spectacular rally since its listing, with the stock surging as much as 107% to its 52-week high of Rs 157.5, which it touched on August … Read more

Ola Electric shares: Ola Electric shares rise over 4% after PLI approval for two more vehicle models

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Ola Electric shares: Ola Electric shares rise over 4% after PLI approval for two more vehicle models

Ola Electric Mobility shares rose 4.4% to Rs 143.8 in Wednesday’s trade on BSE after the electric two-wheeler maker received certification for production-linked incentive (PLI) benefits for two more of its vehicles. The 3 kWh (kilowatt hour) and 4 kWh versions of Ola S1X have received the certification for compliance with the eligibility requirement for … Read more