Ola Electric shares jump 7% ahead of Q2 results, extends EV-policy rally
Ola Electric shares have rallied 9% in two sessions, adding over Rs 1,400 crore to the company's market value after the Centre made EVs its preferred choice for government staff-car procurement. Investors are now awaiting the electric two-wheeler maker's Q2 results for signs of a recovery in its business.
Ola Electric Mobility's shares surged by more than 7% on Thursday, just before the company announced its Q2 earnings. The stock has risen approximately 9% in just two days after the Indian government's decision to make electric vehicles (EVs) the default choice for procuring staff cars. Ola Electric's shares reached Rs 37 per share on Thursday morning, a level the stock has only crossed twice in the past month.
The surge in the stock price has added over Rs 1,400 crore to the company's market capitalization, raising it above Rs 17,150 crore.
Written by urgent.news from The Economic Times - Top News's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
Also reported by 1 other outlet
- Ola Electric shares rise 4% ahead of Q2 results; earnings call set for today thehindubusinessline.com
