Ola Shares, Ola Electric Mobility Stocks, Ola Electric Share Price for October 8, 2024: Ola Electric shares closed 5% higher on Tuesday, a day after settling lower by 8% amid reports of service quality issues of its electric scooters and its CEO’s spat on social media. The company has received a show cause notice from the Central Consumer Protection Authority for alleged violation of consumer rights, misleading advertisement and unfair trade practices. 

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  • October 08, 2024 15:46

    Ola Electric Mobility in focus

    Ola Electric Mobility has received a show cause notice from the Central Consumer Protection Authority for alleged violation of consumer rights, misleading advertisement and unfair trade practices. However, shares rebounded to close 5% higher on Tuesday, a day after it settled 8% lower amid Ola CEO’s spat on Twitter/ X on the service quality issues of its electric scooters. 

  • October 08, 2024 15:37

    Ola Electric Mobility share price closing figures: Stock ends 5% higher

    After opening Tuesday’s trade below ₹90 mark, shares of Ola Electric Mobility have closed 5.15% higher on the NSE and BSE at ₹95.50 each.

  • October 08, 2024 15:10

    Ola Electric Mobility share price today: Ola shares gain 4%

    The share price of Ola stood at ₹94.80 on the NSE, higher by 4.38% as at 3.08 pm.

  • October 08, 2024 14:07

    Ola Electric Mobility shares gained 3.28% on the NSE to trade at ₹93.80 as at 2.05 pm.

  • October 08, 2024 13:04

    Ola Electric share price today: Shares rise 1.15%

    The stock of Ola Electric traded at ₹91.86 on the NSE, up 1.15% as at 1 pm.

  • October 08, 2024 12:06

    Ola Electric share price today: Shares up 1%

    Ola Electric shares rose 1.22% on the NSE to ₹91.93 as at 12.04 pm.

  • October 08, 2024 11:52

    Ola Electric receives show cause notice amid service concerns 

    Shares of Ola Electric Mobility Limited were trading at ₹89.05, down by ₹1.77 or 1.95 per cent on the NSE as of 10:10 am today. This follows a sharp decline in the stock price yesterday when it traded down by around 8.88 per cent.

    The electric vehicle manufacturer has been given 15 days to respond to the notice.

    Ola Electric stated, it would provide supporting documents within the given timeframe. The company’s Chief Financial Officer, Harish Abichandani, signed the intimation.

    Read more

  • October 08, 2024 11:00

    Ola Electric shares trade flat on the NSE at ₹91.08 as at 10.58 am.

  • October 08, 2024 10:31

    OLA in focus: CCPA issue show cause notice to Ola Electric for alleged violation of consumer rights and misleading advertisements

    The Central Consumer Protection Authority has issued a show cause notice to OLA electric mobility for customer right violation, the company informed the exchange in a filing on Tuesday.

    The notice by the authority has been issued for alleged violations of consumer rights, misleading advertisements, and engaging in unfair trade practices. The notice reportedly addresses various consumer grievances and concerns, although the details of specific allegations remain undisclosed.

    The company in its filing, acknowledged the receipt of the notice and stated, “The Company will file a reply to the Show Cause Notice before the Central Consumer Protection Authority.”

    The company also clarified that the show cause notice has no immediate impact on its financial, operational, or other business activities.

    Notably, the notice issued by the CCPA does not impose any penalties or financial fines at this stage. The company emphasized that it would cooperate with the regulatory body and provide the necessary explanations to address the issues raised.

    The notice from the CCPA is seen as a formal step taken by the authority to address concerns related to consumer protection.

    As the company prepares to respond to the CCPA, the industry and consumers will be closely monitoring the outcome of this regulatory scrutiny.

    Ola Electric, a key player in India’s burgeoning electric vehicle market, remains under the spotlight as it seeks to maintain its market position amid increasing challenges. (ANI)

  • October 08, 2024 10:20

    Ola Electric Mobility share price today: Stock trades lower by 2%

    Shares of Ola traded at ₹88.97 on the NSE, lower by 2.04% as at 10.19 am.

  • October 08, 2024 10:13

    Ola Electric stock in focus: Company receives show cause notice

    Ola Electric Mobility has received Show Cause Notice from the Central Consumer Protection Authority for alleged violation of consumer rights, misleading advertisement and unfair trade practices. 

  • October 08, 2024 10:12

    Ola Electric shares traded flat on the NSE in early trade on Tuesday.

  • October 08, 2024 10:11

    Ola Electric stock in focus: Ola Electric shares closed 8% lower on Monday

    Shares of Ola Electric Mobility declined up to 10 per cent before settling lower by 8 per cent on Monday amid reports of service quality issues of its electric scooters and its CEO’s spat on social media.

    On the BSE, Ola Electric shares tumbled 8.31 per cent to settle at Rs 90.82 apiece, marking the third straight day of losses. The stock plunged 9.43 per cent to a low of Rs 89.71 on BSE.

    Ola Electric Mobility slumped 8.38 per cent to close at Rs 90.75 apiece on the National Stock Exchange (NSE). The stock tanked 9.59 per cent to hit a low of Rs 89.55 on the NSE.

    In the volume trade, 1.15 crore equity shares were traded on the BSE and 9 crore shares changed hands on the NSE during the day.

    The 30-share BSE Sensex tumbled 638.45 points or 0.78 per cent to settle at 81,050, while NSE Nifty slumped 218.85 points or 0.87 per cent to end at 24,795.75.

    The slide in the shares came after a war of words broke out between Ola founder Bhavish Agarwal and stand-up comedian Kunal Kamra on Sunday on social media platform X over the after-sales and service quality.

    The controversy started when Kunal Kamra responded to a post on X by Agarwal, who posted a photo of Ola’s gigafactory, by putting a picture of several Ola Electric scooters parked together seemingly waiting for servicing.

    In response to Kamra’s tweet, Bhavish Aggarwal called him a failed stand-up comic and his tweet a “paid one” asserting that Ola Electric is rapidly expanding its service network and will clear all the backlogs “soon.” Further, many Ola Electric consumers jumped into the spat and complained about the service quality of the company, asking Agarwal to address their issues.

    In August this year, Ola Electric Mobility was listed at an issue price of Rs 76. It quickly doubled from its issue price to make a post-listing high of Rs 157.4. Since touching the all-time high, the stock is down 43 per cent from those levels.

    Ola Electric has been losing market share to legacy auto players like Bajaj Auto and TVS Motor as they ramp up their push within the EV space.

  • August 21, 2024 15:35

    Ola Electric closing price figures: Shares end flat on Wednesday

    Ola Electric Mobility shares closed at ₹137.91 on the NSE, up 0.09%. 

    On the BSE, the shares inched 0.10% at ₹137.86.

  • August 21, 2024 15:01

    Ola Electric shares trade flat on the NSE at ₹137.77 as at 3 pm.

  • August 21, 2024 14:09

    Ola shares trade at ₹138.62 on the NSE, up 0.60% as at 2.08 pm.

  • August 21, 2024 13:03

    Ola Electric Mobility share price update: Ola shares trade flat

    Shares of Ola Electric Mobility traded at ₹137.49 on the NSE, down by 0.22% as at 1 pm.

    On the BSE, the stock traded at ₹137.79, up 0.05%.

  • August 21, 2024 12:43

    Ola Electric Mobility shares traded at ₹137.65 on the NSE, down by 0.10% as at 12.41 am.

  • August 21, 2024 11:51

    Ola shares in focus: Ola Electric shares surge 90% post-debut to hit $7 billion value: Bloomberg

    The rapid rise in Ola Electric Mobility Ltd. shares is vindicating the founder’s push to list the company despite initial skepticism over valuation. 

    The stock has surged nearly 90% in less than two weeks, bringing its market capitalization to over $7 billion. The company’s initial public offering was India’s biggest in two years and saw participation from across investor segments.

    The jump has helped founder Bhavish Aggarwal achieve his target valuation much sooner than expected, buoyed by strong investor demand in India’s hot IPO market. The country’s biggest e-scooter maker went ahead with the offering at a lower value after facing investor pushback amid concerns over its profitability.

    “There is a serious belief among investors in India’s electric vehicle story,” said Aishvarya Dadheech, chief investment officer at Mumbai-based Fident Asset Management Pvt. “The gush of domestic liquidity is driving investors to seek exposure to newer themes and investment ideas and the EV sector is one of the biggest beneficiaries.”

  • August 21, 2024 11:45

    Ola shares trade flat at ₹138.55 on the NSE as at 11.44 am.

  • August 21, 2024 10:24

    Ola Electric shares in focus: Shares rise 1%

    Ola Electric shares rise 1.39% on the NSE to trade at ₹139.70 as at 10.21 am.

    On the BSE, the stock trades at ₹139.15, higher by 1.04%.

  • August 21, 2024 09:59

    Ola Electric secures PLI certification for its latest scooters

    Ola Electric received the compliance certification under the production-linked incentive (PLI) scheme for its mass-market scooters S1 X 3kWh and S1 X 4kWh.

    “Both the S1 X 3 kWh and S1 X 4 kWh scooters have successfully met the stringent minimum localisation criteria of 50 percent, as mandated by the Ministry of Heavy Industries,” company said in a stock exchange filing.

  • August 21, 2024 09:57

    Ola share price update: Ola Electric Mobility shares trade flat

    Shares of Ola Electric Mobility traded at ₹136.75 on the NSE, down by 0.75% as at 9.55 am on Wednesday. 

    On the BSE, the stock traded at ₹137, down by 0.52%.

  • August 20, 2024 15:40

    Ola shares closing price updates: Ola Electric Mobility shares end day’s trade 6% lower

    Shares of Ola Electric Mobility closed at ₹137.38 on the NSE, lower by 6.15%. 

    On the BSE, the stock ended at ₹137.33, down by 5.96%.

  • August 20, 2024 15:09

    Ola Electric shares declined 7.83% to trade at ₹134.92 on the NSE as at 3.08 pm.

  • August 20, 2024 14:48

    Ola Electric Q1 results in focus 

    EV maker Ola Electric reported revenue from operations of ₹1,644 crore for the quarter ended June 30, 2024, up 32.3 per cent from ₹1,243 crore in the corresponding quarter of the previous financial year.

    Consolidated net loss stood at ₹347 crore (₹267 crore). However, on a sequential basis, the net loss narrowed from ₹416 crore reported in the January-March quarter.

    Bhavish Aggarwal-led company’s EBITDA loss was at ₹205 crore (₹218 crore).

    Read more

  • August 20, 2024 14:08

    Ola share price update: Ola Electric Mobility shares dip 9% 

    Ola shares tanked 8.94% on the NSE, trading at ₹133.30 as at 2.06 pm.

  • August 20, 2024 13:11

    Ola Electric reverses gains on valuation concerns: Reuters

    Ola Electric Mobility shares shed 6.5% at 137 rupees, set to snap three-session winning streak

    Stock still up 80% from listing price

    Reuters

  • August 20, 2024 13:10

    Ola Electric Mobility shares plunged 6.39% on the NSE to trade at ₹137.03 as at 1.08 pm.

  • August 20, 2024 12:11

    Ola share price in focus: Ola shares slump over 6%

    Ola Electric Mobility shares dropped 6.33% on the NSE, trading at ₹137.12 as at 12.08 pm.

    On the BSE, the stock declined 6.10% to trade at ₹137.12.

  • August 20, 2024 11:09

    Ola Electric shares declined 2.40% on the NSE, trading at ₹142.87 as at 11.07 am.

  • August 20, 2024 10:36

    Ola Electric Mobility shares in focus: Shares trade 2% lower

    Ola Electric Mobility shares declined 1.71% on the NSE to trade at ₹143.88 as at 10.33 am. 

    On the BSE, the shares were down 1.93% to trade at ₹143.21.

  • August 20, 2024 10:18

    Sensex, Nifty open higher on Tuesday

    Track bl’s stock market live updates here

  • August 20, 2024 10:13

    Ola shares in focus: Ola Electric Mobility shares dip 3-4% 

    Ola Electric Mobility shares plunged 3.91% on the NSE, trading at ₹140.66 as at 10.09 am.

    On the BSE, the stock dipped 2.57% to trade at ₹142.27 as at 10.11 am.

    The stock on Monday closed 10% higher. 

  • August 20, 2024 10:10

    Ola Electric Mobility shares in focus: Saji John, Senior Research analyst, Geojit Financial Services, says the current valuation appears to be quite speculative 

    “While the long-term potential of Ola Electric, especially given the EV market’s favorable outlook, might be appealing, the current valuation appears to be quite speculative. Investors should be cautious, especially given the company’s ongoing losses and the high volatility in its stock price. For new investors, it may be wise to wait for a more stable entry point or consider the stock as a long-term play with a high risk-reward ratio. Meanwhile, at their annual ‘Sankalp’ event, the company introduced four new motorcycles across various price ranges. While motorcycles dominate the broader two-wheeler market in India, their share in the EV segment is currently just 1%, offering significant growth potential for the company. The launch is expected to positively impact as the company benefits from a first-mover advantage in the electric motorcycle segment. and the potential for increased market penetration, Ola is likely to see enhanced revenue visibility over the long term. This strategic move could further strengthen its position in the EV market, contributing to sustained growth in its share price.”

  • August 20, 2024 09:56

    Ola Electric Mobility shares hit fresh high today

    On the BSE, Ola Electric Mobility stock rallied to hit a fresh high at ₹157.53, and on the NSE, the stock hit a new high at ₹157.40 in early trade on Tuesday.

  • August 20, 2024 09:53

    Ola Electric Mobility share price in focus: Continues bull run 

    Ola Electric Mobility stock continues its bull run to hit a fresh high crossing ₹150 mark in early trade on Tuesday. 

    The stock on Monday closed at ₹146.38 on the ​​NSE ​​and at ₹146.03 on the ​​BSE​​, higher by 10 per cent.

  • August 19, 2024 15:39

    Ola Electric Mobility shares closing figures

    Shares of Ola Electric closed at its upper circuit on the stock exchange. On the NSE, the stock was up 9.99% to close at ₹146.38. 

    On the BSE, the stock closed at ₹146.03, higher by 10%.

  • August 19, 2024 15:02

    Ola Electric Mobility continues to trade at its upper circuit. Trades at ₹146.38 on the NSE, higher by 9.99%, and at ₹146.03 on the BSE, higher by 10%.

  • August 19, 2024 14:22

    Ola Electric Mobility in focus: SoftBank Picks Stock Winners in India’s Red-Hot IPO Market

    Three firms backed by SoftBank have made solid Mumbai debuts in the past week. Shares of e-scooter maker Ola Electric Mobility Ltd., the biggest of the initial public offerings, have surged 75%. Software maker Unicommerce eSolutions Ltd.’s shares also gained about 75% while baby-products retailer Brainbees Solutions Ltd.’s are up more than 40%. 

    The market is bustling with big debuts. Ola raised about $733 million in what was the nation’s largest IPO in about two years.

    Bloomberg report

  • August 19, 2024 14:17

    Ola shares in focus: Shares trade at the upper circuit

    Ola Electric Mobility shares traded at ₹146.38 on the NSE, higher by 9.99% as at 2.15 pm.

  • August 19, 2024 13:15

    Ola Electric Mobility shares continued to trade at its upper circuit on the NSE at ₹146.38 as at 1.15 pm.

  • August 19, 2024 12:58

    Ola Electric shares traded at ₹146.03 on the BSE (+10%), also its upper circuit as at 12.56 pm.

  • August 19, 2024 12:08

    Ola Electric Mobility share price update: Ola shares up 10%

    Ola Electric shares again mount to trade at the upper circuit on the NSE (₹146.38), higher by 9.99%.

  • August 19, 2024 11:57

    Ola Electric Mobility: Dream run continues for Ola

    Investors in the IPO must be laughing all the way, as shares of the pure electric vehicle company jumped nearly 75 per cent against the IPO price of ₹76.

    According to HSBC Global Research, despite its conservative view on EV penetration in India along with other uncertainties, the global advisory firm believes Ola is still worth investing in.

    Read more

  • August 19, 2024 11:56

    Ola Electric Mobility performance in focus

    Ola Electric Mobility recently reported revenue from operations of ₹1,644 crore for Q1 — up 32.3 per cent from ₹1,243 crore in the corresponding quarter last year. However, its consolidated loss widened to ₹347 crore (₹267 crore). But, on a sequential basis, the net loss narrowed from ₹416 crore.

    The June quarter has been a “good quarter” in terms of growth and profitability, Aggarwal said in a post-earnings call.

  • August 19, 2024 11:47

    Ola Electric Mobility in focus: Ola Electric recently launched e-bikes, announces quick commerce foray

    Ola Electric recently launched three electric motorcycles and announced the integration of its battery cells in its vehicles.

    The electric motorcycle portfolio, ‘The Roadster Series‘ has three motorcycles – Roadster X, Roadster and Roadster Pro. The introductory price of the e-bikes start at ₹74,999.

    Read more

  • August 19, 2024 11:09

    Ola Electric Mobility shares were up 9.54% on the NSE, trading at ₹145.77 as at 11 am.

  • August 19, 2024 10:12

    Stock market update: Sensex, Nifty open higher

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  • August 19, 2024 10:09

    Ola Electric Mobility: Mcap in focus

    The company’s total market valuation stood at ₹64,565.73 crore.

  • August 19, 2024 10:07

    Ola Electric Mobility shares in focus: Shares trade at the upper circuit

    Ola Electric Mobility shares hit the upper circuit on the NSE and BSE. Shares traded at ₹146.38 on the NSE, higher by 9.99%. 

    On the BSE, the stock was up 10% to trade at ₹146.03 as at 10.05 am.