By Admin 
Ola electric shares raly: On the one hand, due to the high tariff of Trump, there was pressure on the shares of many companies and a tremendous decline was recorded, while Ola Electric shares are constantly jumping. On Monday, the company’s stock rose 7.33% to Rs 58.01 in early trade. That is, in the last five trading sessions, the stocks of Ola Electric have seen a rise of about 20%. This stock has jumped up to 47% in the last 30 days.
This boom in Ola’s shares is being seen at a time when the company has suffered a lot in comparison to last year. In such a situation, the question is constantly arising in the minds of investors whether this speed will remain in the stocks of Ola Electric.
Why did the rally come?
Actually, Ola Electric has been recognized under the production linked incentive (PLI) scheme for its Gen-3 scooter range. With this scheme, the company can benefit from 13% to 18% on its sales and this benefit can continue till 2028. The company says that this step will not only reduce the cost but will also increase profits.
Ola says that its Gen-3 scooter line-up is more than half of the total sales of the company. Now that both Gen-2 and Gen-3 range have got this certification, more stability in business is expected to increase. The company has also said that this initiative will see positive impact on Ebitda level.
Loss of first quarter
However, the company still suffered losses in the June quarter results. During this period, the loss of Ola Electric increased to ₹ 428 crore, while this loss was ₹ 347 crore in the same quarter of last year. Revenue also declined by 50% to Rs 828 crore on an annual basis, which was Rs 1,644 crore in the same period last year.
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