At 2:05 pm, shares of Ola Electric were up 20 percent at Rs 88.16. With this increase, its price has risen above the reissue price. It was priced at Rs 76. Ola shares have gained over 26% in the last two days.
What has the company decided?
The company had announced the launch of two new ranges of electric scooters yesterday i.e. Tuesday. These include Ola Gig and Ola S1 Z. Its starting price is Rs 39,999. These are Ola’s cheapest scooters ever. Deliveries of these scooters will begin from April 2025. Among them, the share prices of the company started to rise after this announcement. Shares were up more than 5 percent on Tuesday. This increase continued today i.e. Wednesday. The company has announced these new scooters at a time when the company is facing criticism from consumers as well as the government regarding complaints regarding the old scooters.
After several days there was an increase.
Ola’s IPO was listed on the stock market on August 9 this year. Its listing was not very good and the issue price was listed around Rs.76. But then the stock got wings. In no time it began to grow rapidly. Within a few days it had come down to Rs 157.53. But after that it started to decline.
But now it is increasing rapidly from last two days. Its stock has so far risen more than 26 percent in those two days. In such a case, its investors will also be relieved that they are now seeing some benefits in it.
What did the experts rate?
Citi has given a ‘buy’ rating to Ola Electric’s shares. City has given a positive stand on Ola in its report. The report states that the company currently has a major share in the electric scooter market. The company is also planning to launch an electric bike soon. In such a case, further increase in its shares can be seen in the coming time.
has been associated with controversies
Recently, there has been a lot of controversy regarding Ola Scooter. Much of the controversy is over poor service. There have been several reports of scooters taking several months to get fixed at a service center after they develop a fault.
Recently, stand-up comedian Kunal Kamra also made several posts on social media platform X in this regard. It posted several pictures and videos regarding the company’s poor service. He had some discussions with Bhavesh Agarwal in this regard. Due to this, the shares of Ola fell significantly.
