Ola Electric Surges Over 4% to Emerge Among Top Gainers in NSE Midcap Index

Ola Electric Mobility Limited (NSE: OLAELEC) jumped sharply in early trade on Monday, emerging as one of the top gainers on the NSE. The stock rose 4.56% to ₹49.34, compared with its previous close of ₹47.19.

The rally comes on the back of strong volumes, with over 9.32 crore shares traded by mid-morning, translating into a traded value of more than ₹446 crore. The stock touched an intraday high of ₹49.40 before paring some gains.

Ola Electric Mobility Share Price Update

As of 2:24 PM IST, Ola Electric shares have gained 3.56% trading at ₹48.87 in the NSE. Ola Electric shares have dipped 61% in the last year, 17% in the year-to-date, and gained 18% in the previous month.

The stock opened the session at ₹47.49, slightly higher than the previous close of ₹47.19. Through the day, it moved between a high of ₹49.40 and a low of ₹46.65. The market capitalization of the company is currently around ₹21,516 crore. Over the past year, the stock has seen wide fluctuations, hitting a 52-week high of ₹132.70 and a 52-week low of ₹39.60.

Ola Electric in Nifty Midcap 150

Ola Electric is part of the Nifty Midcap 150 Index, which itself was trading higher today. As of 2:27 IST, the index stood at 21,488, up 0.23%. Other major gainers in the midcap pack included Jindal Stainless (+2.98%), Mphasis (+2.73%), and UPL (+1.58%), alongside Ola Electric.

Ola Electric Mobility Limited, listed on the NSE since August 2024, operates in the 2/3 Wheeler EV segment. The company is part of the Nifty Midcap 150 index and plays a key role in India’s electric mobility ecosystem.

REF: https://www.nseindia.com/market-data/live-equity-market?symbol=NIFTY MIDCAP 150

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