Japan’s SoftBank Group sold a 2.15% stake in Indian electric scooter maker Ola Electric over two months, reducing its holding to 15.68% from 17.83%, an exchange filing showed on Thursday. “SVF II OSTRICH (DE) LLC has disposed of an aggregate of 94,943,459 equity shares of Ola Electric Mobility Limited in a series of disposals undertaken … Read more
Shares of Ola Electric Mobility surged as much as 6.6% on Tuesday to Rs 51.80 on the BSE after the company announced that it has secured Production Linked Incentive (PLI) certification for its Gen 3 scooter portfolio, a move the company said will strengthen margins and profitability from the ongoing quarter of the current financial … Read more
360 One Wam – USD 7 mn One 97 Communications (Paytm) – USD 4 mn J.B. Chemicals & Pharma – USD 4 mn Kaynes Technology India – USD 4 mn Afcons Infrastructure – USD 3 mn L&T Finance – USD 3 mn Go Digit General Insurance – USD 2 mn Kpr Mill – USD 2 … Read more
Mumbai: Shares of electric two-wheeler maker Ola Electric Mobility rallied about 20% on Monday, the biggest single-day move in eight months, after the company’s first-quarter results were better-than-expected. The stock is best suited for high-risk traders and investors, as analysts warn of continued sharp price swings in months ahead. Ola ended at ₹47.7 on Monday, … Read more
The Nifty index has fallen by around 12% from its 52-week high, while the Nifty 500 index has dropped about 14% during the same period. Notably, 37 stocks in the Nifty 500 index have seen a decline of over 50%. We have highlighted the worst performers, with stocks down between 55% and 66% from their … Read more
Shares of Ola Electric Mobility today jumped 4.45% to their day’s high of Rs 85.30 on the BSE after the company announced that it has resolved approximately 99.1% of the 10,644 complaints received from the Central Consumer Protection Authority (CCPA). In a stock exchange filing, the company said, “We wish to reiterate that Ola Electric … Read more
Shares of Ola Electric Mobility fell 9.4% to Rs 89.7 in Monday’s intraday trade on the BSE, following a heated exchange between the company’s founder and CEO, Bhavish Aggarwal, and comedian Kunal Kamra on X (formerly Twitter). The confrontation centered around the service issues of Ola Electric’s scooters. The verbal confrontation was sparked by Kamra’s … Read more
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
Ola electric scooters. | Photo Credit: Special Arrangement Ola Electric on January 1 announced that it recorded 30,219 registrations in December and captured a 40% market share in the EV 2W segment (as per VAHAN Portal). The company clocked its highest ever monthly registrations during the month and posted a year-on-year (Y-o-Y) growth of 74% … Read more
