Ola Electric Share Price: The electric vehicle sector stock opened at Rs 77 per share in the morning and by afternoon reached Rs 86 with a gain of 17 per cent. Meanwhile, its 52-week high is Rs 157.40 and low is Rs 66.66.
EV manufacturer Ola Electric has introduced a new series of affordable scooters in the commercial segment. After this, the company’s shares increased by more than 17 percent in early trading on Wednesday. At around 11:10 am, shares of Ola Electric Mobility were trading at Rs 83.0, up 13.05 percent i.e. about Rs 9.58 on NSE.
At around 1:42 pm, the shares were trading at Rs 86.30, up 17.67 per cent. This stock of electric vehicle sector opened at Rs 77 per share in the morning and reached an intraday high of Rs 84.0 per share by 11:13 am. Meanwhile, its 52-week high and 52-week low stood at Rs 157.40 and Rs 66.66 respectively.
Shares rose 20 percent in the last one week
Ola Electric stock has increased by more than 20 percent in a week. Ola Electric shares have been in a bullish trend for the last few trading sessions. Earlier the stock had fallen below its IPO listing price. But, in the last one week the stock rose by more than 21 percent.
On November 21, the stock was at the level of Rs 68.28 per share and today the stock has reached the level of Rs 84.0 per share, which shows a jump of more than 21 percent. The stock has risen more than 6 percent in a month.
Scooters worth Rs 40 thousand and Rs 65 thousand launched
The current surge in shares of the Bhavesh Aggarwal-led automobile company comes after the release of the Giga and S1Z range of scooters priced between Rs 39,999 and Rs 64,999. Along with this, PowerPod for Rs 9,999 has come after introducing an inverter that provides electricity to homes from portable batteries.
With the Giga range, the company has entered the commercial vehicle sector. The ‘Gig’ range has been designed to cater to the needs of gig workers engaged in short and long travel through two variants – ‘Gig’ and ‘Gig+’.
Their starting price has been kept at Rs 39,999 and Rs 49,999 (ex-showroom) respectively. According to a company statement, the new range will be available for business-to-business (B2B) purchase and leasing.
Ola Electric has also introduced the S1Z model, a personal-use electric scooter for urban commuters. Let us tell you that the EV two-wheeler sector, priced at Rs 59,999, is also targeting a special group of consumers.