Ola Electric shares surge 20%

New Delhi: Shares of Ola Electric Mobility Ltd surged 20 per cent on Friday to hit the upper circuit limit after the Ola Group announced its foray into the electric motorcycle segment with the launch of three models and two more in the pipeline. The company also reported a jump in revenue from operations for the April-June quarter of 2024-25. The stock jumped 19.99 per cent to Rs132.76 -- its highest trading permissible limit for the day -- on the BSE. On the NSE, shares of the firm soared 20 per cent to Rs133.08 -- its upper circuit limit. The company’s market valuation stood at Rs58,558.18 crore. Shares of the Bhavish Aggarwal-led electric two-wheeler company made their market debut on August 9. From the issue price of Rs76, the stock is currently up nearly 75 per cent.