Shares of Ola Electric Mobility surged 10% on Tuesday, extending the sharp rally in the EV scooter-maker’s stock. The stock has now climbed nearly 120% in less than three months from its record low of Rs 21.2.
Ola shares rose to Rs 49.05 apiece on the NSE on Tuesday — their highest level since November last year. The company’s market capitalisation currently stands at around Rs 22,465 crore.