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SUMMARY
After plunging 7% yesterday, shares of Ola Electric surged nearly 14% to INR 53.48 during the intraday trading today
The jump in shares came as the broader market also saw a rally today. Benchmark indices Sensex and Nifty 50 were up 1.23% and 1.19%, respectively.
The EV company’s subsidiary Ola Electric Technologies is facing an insolvency petition for allegedly defaulting on its payment obligations
After a steep decline over the last few months, shares of Ola Electric zoomed 14% to INR 53.48 during early trading on the BSE today.
