Why OLA Electric Shares are Booming?

OLA electric company is largest electric two wheeler manufacturer situated in bangalore.and OLA organization also planned premium electric motorcycle and first electric car model by end 2024.

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OLA electric mobility ltd. flat debut at Dalal street on friday 9 august 2024 and an organization listed stock in the NSE at price ₹76 and also listed at same price ₹75.99 in BSE

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OLA electric also firstly launched its IPO in stock market between 2 August to 6 August 2024 which the total subscription rate was 4.45 times.

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The market capitalization of the firm exceeded Rs 40,000 crore as it concluded the session at Rs 91.19 per share.

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The share definitely had a weak listing but right after the listing the share did such a great job that it started trending on Google. The way people have got results from Ola's scooter, people have more faith in the company and are showing more interest in the company

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Ola Electric's share has increased by 20 percent to Rs 91.20 whereas it was listed at around Rs 76.

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