Ola Electric shares doubled from their IPO price, hitting ₹157.5 per share.
Opening Surge
After hitting highs, shares dropped 12% to below ₹140 by 11:30 AM.
Mid-Day Correction
A block deal saw 3.1 crore shares change hands, valued at ₹468.3 crore.
Block Deal Overview
Ola Electric’s net loss widened to ₹347 crore; revenue up by 32.3% YoY.
Financial Performance
Ola Electric enters the motorcycle market with the Roadster Series, starting at ₹1.99 lakh.
New Product Launch