Ola Electric Mobility Limited's share price saw significant growth in Wednesday's trading session. The company's per-share price increased by 5 percent on the Bombay Stock Exchange to ₹52.58. The company recently announced the launch of a new product. This substantial increase in share price occurred immediately after that announcement.
Ola Electric Mobility Limited, known for manufacturing and selling electric scooters, is once again in the spotlight. While its scooters continue to attract buyers, the company has also faced its share of controversies. Recently, Ola Electric announced the launch of a new product, but this time, it’s not a scooter.
The company is gearing up to unveil a non-vehicle product named ‘Ola Shakti’, sparking curiosity among consumers and industry watchers alike. Although details about the product remain under wraps, Ola has confirmed that the launch event will take place on October 16 and will be streamed live on the company’s official website.
Despite Wednesday's significant increase, this stock has had to endure massive blows over the past few months. The stock has declined by more than 13 percent in the last month. Over the past year, this share's price has decreased by more than 41 percent. However, judging by the last 6 months, this stock's price has increased by about 4.5 percent. Ola Electric's stock was listed on the country's two stock exchanges on August 9, 2024. Since that period, this stock's price has declined by more than 42 percent.
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