Ola Electric Shares Continue To Rally, Zoom 10% To INR 55.10

At 11:35, the stock was trading 9.3% higher at INR 55.50, taking the company’s market capitalisation to INR 24,475.10 Cr (about $2.7 Bn)

The stock’s uptrend defied the broader Indian market, with Sensex down 0.2% at 80,596 at the time

Ola Electric has been on an upward trend over the last few sessions due to improvement in its financial performance, plans to integrate its battery cells into its EVs and other growth initiatives

Continuing the strong momentum seen…