Ola Electric Mobility shares jumped 20 per cent on their trading debut to hit the upper circuit on Friday, valuing the country's largest electric two-wheeler (e2W) at ₹40,218 crore, despite a lukewarm response to its ₹6,146 crore maiden share sale.
The Bhavish Aggarwal-led firm's shares ended at 91.2, up 15.2, or 20 per cent, over its issue price of ₹76 on the NSE, where ₹4,426 crore worth of shares got traded. After opening at 76, the stock hit its 20 per cent upper trading limit with only buyers and no-sellers at the counter.
The surge in the stock price of the SoftBankbacked company is an indication that investors are willing to bet on a sustained and long-term shift from petrol 2W to e2W in India, the world's largest market.
Diese Geschichte stammt aus der August 10, 2024-Ausgabe von Business Standard.
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Diese Geschichte stammt aus der August 10, 2024-Ausgabe von Business Standard.
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