Ola Electric Mobility share price rises 7%, surges 20% in five days. What’s behind the rally? Explained
Ola Electric Mobility share price rallied as much as 7. 33 per cent to ₹58.01 apiece in Monday’s trading session. The EV maker stock has surged nearly 20 per cent in past five trading sessions.
The stock has been trading in green after the company announced receiving Production Linked Incentive (PLI) certification for its Gen 3 scooter lineup. According to the company, this move is expected to boost margins and profitability starting this quarter.
