Shares of Ola Electric Mobility have jumped 31% in six months and have nearly doubled from March low, with analysts highlighting that the near-term sentiment has improved but caution is still warranted.
Ola Electric shares gained around 10% in a week but fell over 2% in a month, trading at around Rs 41 apiece. The EV-scooter maker’s shares recorded sharp gains earlier this week after the company signed a memorandum of understanding (MoU) with Axis Energy to deploy up to 20 GWh of battery energy storage systems (BESS) by 2032.
