Ola Stock Price, Ola Electric Mobility Share Price Updates for 19 Aug 2024: Ola Electric Mobility stock hits upper circuit

Ola Electric Mobility shares closing figures

Shares of Ola Electric closed at its upper circuit on the stock exchange. On the NSE, the stock was up 9.99% to close at ₹146.38. 

On the BSE, the stock closed at ₹146.03, higher by 10%.

Ola Electric Mobility continues to trade at its upper circuit.
Trades at ₹146.38 on the NSE, higher by 9.99%, and at ₹146.03 on the BSE, higher by 10%.

Ola Electric Mobility in focus: SoftBank Picks Stock Winners in India’s Red-Hot IPO Market

Three firms backed by SoftBank have made solid Mumbai debuts in the past week. Shares of e-scooter maker Ola Electric Mobility Ltd., the biggest of the initial public offerings, have surged 75%. Software maker Unicommerce eSolutions Ltd.’s shares also gained about 75% while baby-products retailer Brainbees Solutions Ltd.’s are up more than 40%. 

The market is bustling with big debuts. Ola raised about $733 million in what was the nation’s largest IPO in about two years.

Bloomberg report

Ola shares in focus: Shares trade at the upper circuit

Ola Electric Mobility shares traded at ₹146.38 on the NSE, higher by 9.99% as at 2.15 pm.

Ola Electric Mobility shares continued to trade at its upper circuit on the NSE at ₹146.38 as at 1.15 pm.

Ola Electric shares traded at ₹146.03 on the BSE (+10%), also its upper circuit as at 12.56 pm.

Ola Electric Mobility share price update: Ola shares up 10%

Ola Electric shares again mount to trade at the upper circuit on the NSE (₹146.38), higher by 9.99%.

Ola Electric Mobility: Dream run continues for Ola

Investors in the IPO must be laughing all the way, as shares of the pure electric vehicle company jumped nearly 75 per cent against the IPO price of ₹76.

According to HSBC Global Research, despite its conservative view on EV penetration in India along with other uncertainties, the global advisory firm believes Ola is still worth investing in.

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Ola Electric Mobility performance in focus

Ola Electric Mobility recently reported revenue from operations of ₹1,644 crore for Q1 — up 32.3 per cent from ₹1,243 crore in the corresponding quarter last year. However, its consolidated loss widened to ₹347 crore (₹267 crore). But, on a sequential basis, the net loss narrowed from ₹416 crore.

The June quarter has been a “good quarter” in terms of growth and profitability, Aggarwal said in a post-earnings call.

Ola Electric Mobility in focus: Ola Electric recently launched e-bikes, announces quick commerce foray

Ola Electric recently launched three electric motorcycles and announced the integration of its battery cells in its vehicles.

The electric motorcycle portfolio, ‘The Roadster Series‘ has three motorcycles – Roadster X, Roadster and Roadster Pro. The introductory price of the e-bikes start at ₹74,999.

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Ola Electric Mobility shares were up 9.54% on the NSE, trading at ₹145.77 as at 11 am.

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Ola Electric Mobility: Mcap in focus

The company’s total market valuation stood at ₹64,565.73 crore.

Ola Electric Mobility shares in focus: Shares trade at the upper circuit

Ola Electric Mobility shares hit the upper circuit on the NSE and BSE. Shares traded at ₹146.38 on the NSE, higher by 9.99%. 

On the BSE, the stock was up 10% to trade at ₹146.03 as at 10.05 am.