Ola Electric shares jump 20% on second day of trading amid strong demand
Mumbai/IBNS: Shares of recently listed Ola Electric Mobility jumped 20 percent to hit an upper circuit of Rs 109.44 apiece on Monday (August 12), extending gains for a second consecutive session.
This follows another 20 percent rally that triggered the upper circuit on Ola Electric's market debut last Friday (August 9).
In terms of volumes, as many as 14 crore shares changed hands in the morning, lower than the 57 crore shares traded on Friday, as per reports.
According to reports, the Bhavish Aggarwal-led company mobilised Rs 2,763 crore from the anchor investors on August 1.
Domestic mutual funds, domestic life insurance companies and foreign funds were reportedly part of the anchor allotment.
Ola Electric Mobility will announce its Q1 results on Wednesday (August 14), while the company will hold its first board meeting since listing on the same day.
The meeting will consider and approve the unaudited standalone and consolidated financial results for the quarter ended June 30, 2024, Moneycontrol reported, citing a filing by the company.
IBNS
Senior Staff Reporter at Northeast Herald, covering news from Tripura and Northeast India.
Related Articles
CRR cut, AI ethics push, and SORR benchmark: Experts hail RBI’s pragmatic policy moves
Mumbai: The Reserve Bank of India (RBI) has kept the repo rate unchanged at 6.5% while the cash reserve ratio (CRR) has been slashed by 50 basis points to 4 percent, media reports said.
JP Morgan gives 'overweight' rating to Adani Group bonds
Mumbai: US investment bank JP Morgan has assigned an 'overweight' rating to four bonds issued by the Adani Group, citing the group's capacity to scale and grow through internal cash flows, which reduces the likelihood of credit stress.
LG Electronics files DRPH with SEBI; IPO size expected to be over RS 15,000 cr
Mumbai: South Korean electronics giant LG Electronics has filed a draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) on Friday for the proposed public listing of its Indian business, according to a notification on the Bombay Stock Exchange (BSE).
De-dollarisation not on India's agenda; derisking domestic trade is: RBI Governor Shaktikanta Das
Mumbai: India has not initiated any steps towards de-dollarisation and is solely focused on mitigating risks to domestic trade from geopolitical uncertainties, Reserve Bank of India (RBI) Governor Shaktikanta Das clarified on Friday, media reports said.
Latest News
Operation Sindoor on games field, India wins: PM Modi jibes Pak in congratulatory message for his country
Suryakumar Yadav donates Asia Cup match fees to Armed Forces and Pahalgam terror attack victims' families
US: Michigan church attack leaves four dead, gunman shot down
Narendra Modi congratulates Team India on Asia Cup win over Pakistan, recalls Operation Sindoor
