• Source:JND
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Ola Electric shares are seeing a sharp rally since its listing on August 9. The stock have retained the upward trend for the sixth consecutive day as it rose by 10% to reach Rs 146.03 on Monday. The company's shares have been touching a new 52-week high mark every day. Market experts predict that Ola Electric shares may see further gains. The company's 52-week low is Rs 75.99.

Ola Electric shares have surged 92% in 6 days

Ola Electric shares have climbed 92% in 6 days. The company's share price in the IPO was Rs 76. The company's shares have reached Rs 146.03 on August 19th, 2024. As against the issue price of Rs 76, the company's shares have gained 92% in 6 days. Ola Electric's IPO opened on August 2nd, 2024, and remained open till August 6th. The company's IPO was subscribed a total of 4.45 times. The quota of retail investors in the company's IPO was subscribed 4.05 times. At the same time, 2.51 times bets were placed in the category of non-institutional investors.

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Today, a total of 77.90 lakh shares of Ola Electric Mobility Ltd changed hands on the BSE, with a total turnover of Rs 111.21 crore. In terms of volume, over 977.51 lakh shares of the company were traded on the NSE during the day.

According to data available on the BSE, the company's market capitalization has climbed to Rs 64,411.35 crore. Ola Electric has been given a 'BUY' rating by global brokerage HSBC. A price target of Rs 140 per share was proposed by analysts.

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