Reported about 2 months ago
Ola Electric Mobility Ltd.'s shares have surged nearly 90% in less than two weeks following its IPO, achieving a market capitalization of over $7 billion. This impressive rise reflects strong investor demand in India's booming electric vehicle market, despite the company's initial challenges regarding profitability and valuation. The IPO marks one of India's largest in two years, showcasing a significant shift in investor interest toward the electric vehicle sector.
Source: YAHOO