India’s primary market continues to pull in heavy retail money even as parts of the secondary market move sideways. With IPOs such as Excelsoft seeing ~45x subscription and Sudeep Pharma drawing 98x, the trend of investors shifting their attention to fresh listings is unmistakable. Speaking to ET Now, Dipan Mehta, Director, Elixir Equities said the…
Shares of Ola Electric slid 3.3% to their day’s 45.25 on the BSE on Monday, even after the electric vehicle maker refuted a South Korean media report that alleged the company had acquired foreign battery technology through improper means. Ola Electric issued a statement on Sunday dismissing the report as “misleading and baseless,” following claims…
Shares of pure-play two-wheeler EV major Ola Electric Mobility hit a 5% upper circuit of Rs 55.38 on Thursday, October 16, after the company announced its foray into the energy storage business with its new product Ola Shakti. With today’s gain, the stock has hit a 5% upper circuit for a second consecutive session and…
Ola Electric is likely to foray into the energy storage market. The company’s chairman and managing director, Bhavish Aggarwal, took to social media to announce that the company will announce its first non-vehicle product on October 17. In a tweet, Aggarwal wrote, “Launching our first non-vehicle product this Diwali! Power has always been a utility,…
Ola electric shares today: Ola Electric saw its shares rise as much as 5 per cent on Monday, touching an intraday high of Rs 49.40, after reports emerged that Niti Aayog is stepping up efforts to accelerate the shift toward electric motorcycles in India. According to Hindu Businessline, the government’s policy think tank has called a…
Electric scooter maker Ola Electric Mobility (OLAELEC) on Monday reported a consolidated net loss of Rs 428 crore for the quarter ended June 30, narrowing from a net loss of Rs 870 crore for the previous three months. The latest quarterly loss, however, was wider than Rs 347 crore for the corresponding period a year ago. Ola Electric…