Ola Electric share price extends rally for third straight session despite stock market crash
Extending its winning streak for the third straight day, Ola Electric Mobility, one of India’s leading two-wheeler EV manufacturers, surged another 4 percent to hit the day’s high of ₹52.80 apiece on Thursday, August 28. This comes despite a weakness in the overall market sentiment.
The rally followed the company’s announcement of securing Production Linked Incentive (PLI) certification for its Gen 3 scooter portfolio. Over the past three sessions, the stock has gained 12 percent.
PLI Certification for Gen 3 Scooters
On Monday, post-market hours, Ola Electric informed investors through an exchange filing that it had received certification for compliance with eligibility assessment requirements under the PLI Scheme for the…
