Ola Electric stock hits 20% upper limit despite tepid response to IPO

Q: How long will it take to read this news story?

The story "Ola Electric stock hits 20% upper limit despite tepid response to IPO" has 670 words across 28 sentences, which will take approximately 3 - 6 minutes for the average person to read.

Q: Which news outlet covered this story?

The story "Ola Electric stock hits 20% upper limit despite tepid response to IPO" was covered 5 hours ago by Business Standard, a news publisher based in India.

Q: How trustworthy is 'Business Standard' news outlet?

Business Standard is a fully independent (privately-owned) news outlet established in 1975 that covers mostly business and finance news. The outlet is headquartered in India and publishes an average of 275 news stories per day. It's most recent story was published 3 hours ago.

Q: What do people currently think of this news story?

The sentiment for this story is currently Negative, indicating that people regard this as "bad news".

Q: How do I report this news for inaccuracy?

You can report an inaccurate news publication to us via our contact page. Please also include the news #ID number and the URL to this story.<ul><li>News ID: #21998987</li><li>URL: https://beamstart.com/news/ola-electric-stock-hits-20-17232075588042</li></ul>

Business Standard Logo Business Standard 5h ago

Ola Electric stock hits 20% upper limit despite tepid response to IPO - Business Standard

Quick Summary:

Following the listing of Ola, Aggarwal, who is just 38, has seen his net worth surpass $1.

Ola’s IPO—the largest in over two years—however, had garnered just 4.3 times subscription, with some investors staying away from the yet-to-turn-profitable E2W maker amid a market selloff this week triggered by US recession fears.

Ola is seen as having a head start over its competition if the market shifts towards electric vehicles, labelled as the future of mobility.