Trending:
Ola Electric Shares Surge To a Record High After Initial Flat Listing
Updated Aug 9, 2024, 13:22 IST
Ola Electric Shares Surges To a Record High After Initial Flat Listing (Image Source: Times Now Digital)
Ola Electric Stock Price
The share price continued to rise, reaching an intraday high of Rs 90.88 on the NSE. This represents a gain of approximately 19.50 per cent compared to the upper limit of the IPO price band.What Are Main Reasons Behind Ola Share Price Hike?
Stock market experts note that the surge in trade volume indicates robust interest from institutional investors. They believe that this momentum may continue, as institutional buyers are less likely to sell their shares in the short term. Experts recommend that Ola Electric shareholders hold onto their stocks for two to three years, as the shares are expected to add value to their portfolios.Ola Electric IPO
For the unversed, the Ola Electric IPO subscription was open from August 2 to August 6. The price band of the share was Rs 72-76 per share. The amount raised from the offerings was Rs 6,145.6 crore. The issue subscription was a total of 4.27 times.
Trending:
Pawan Kumar is a Copyeditor for the business vertical of Times Now Digital. With a keen eye for impactful business news, he specialises in financial m...View More
'Recruiters Aren’t Counting My Work Experience In...': Ex-Google Employee On Job Hunt Challenges In Canada
Physics Wallah Raises Rs 1,760 Crore In Series B Funding, Company's Valuation Jumps To...
New LIC Mutual Manufacturing Fund Opens for Subscription - Know Key Dates
Meet Richa Kar, Founder Of India's Biggest Lingerie Platform, Who Sold Her Business To Mukesh Ambani's Reliance Retail
Mukesh Ambani's Jio Financial Services Share Crosses Rs 350 Mark - Know Target Price