In a notable trading session on August 20, 2024, Ola Electric witnessed substantial stock movement, with 2.3 crore shares changing hands. This volume represents approximately 0.5% of the company’s equity and amounts to Rs 352 crore in value.
Key Trading Statistics:
- Trading Volume: 80,26,960 shares
- Average Price: Rs 152.29 per share
Today’s Stock Movement:
- Open: Rs 154.00
- High: Rs 157.53
- Low: Rs 144.97
- Previous Close: Rs 146.03
The day’s trading saw Ola Electric’s stock price fluctuate within a range of about 8.7%, demonstrating significant intraday volatility.
Post-IPO Performance:
Ola Electric’s stock has shown remarkable growth since its initial public offering (IPO). The share price has nearly doubled from its IPO price of Rs 76, now trading consistently above Rs 151.55 at 9:25AM. This represents a gain of over 99% for investors who purchased shares at the IPO price.
The substantial trading volume and price movement today suggest continued investor interest in Ola Electric, potentially driven by the company’s performance in the growing electric vehicle market in India.
Investors and market analysts will likely be watching Ola Electric closely in the coming days to see if this momentum continues and what it might signal about the company’s future prospects.
