Ola Electric Shares Jump 10% To Touch An All-Time High Of INR 146.03

The stock opened at INR 139.15 today and was trading 7.3% higher at INR 142.46 per share at 11:22 AM

Ola Electric’s shares have been on an upward trend since Friday, when they hit a 20% upper circuit after the electric mobility startup forayed into the e-bike segment

The Bhavish Aggarwal-led company saw its net loss widening to INR 347 Cr in the June quarter (Q1) of the financial year 2024-25 (FY25), up 30% year-on-year

Shares of Ola Electric continued their bullish streak and jumped almost 10% during the intraday trading today (August 19) to reach an all-time high of INR 146.03 apiece on the BSE.

The stock opened at INR 139.15 today and was trading 7.3% higher at INR 142.46 per share at 11:22 AM.

The stock has been on an upward trend since Friday, when it hit a 20% upper circuit after the electric mobility startup forayed into the e-bike segment with the launch of its Roadster Series electric motorcycles.

Ola’s entry into the e-bike space came a week after the company made its stock market debut. The stock debuted at INR 75.99 per share as against the issue price of INR 76.

The Bhavish Aggarwal-led company saw its net loss widening to INR 347 Cr in the June quarter (Q1) of the financial year 2024-25 (FY25), up 30% year-on-year. 

However, revenue from operations jumped 30% YoY to INR 1,644 Cr during the reporting period.

(The story will be updated soon)