Ola Electric share price dips below issue price; tanks 52% from record high

Quick Summary:

Ola Electric share price today fell 3 per cent to hit a record low of Rs 75.

This, however, is expected to expand from approximately 5.40 per cent of domestic 2W registrations reported on the VAHAN portal in Fiscal 2024 to 41-56 per cent of domestic 2W sales volume by fiscal 2028.

Ola Electric share price fell below its issue of Rs 76 on the exchange in today's intraday trade amid heavy volumes.

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Category: BusinessFinance

Markets: IndiaChinaFranceGermanySpain

Topics: Electric vehicles Kotak Institutional Equities Markets EV 2W Record low Ola Electric Mobility shares EV manufacturer Ambit Capital OEM IPO Issue price

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Article Type: News Report

Published On: 2024-10-29 @ 11:49:19 (4 days ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 668 words

Reading Time: 4 minutes read

Sentences: 23 lines

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