India's Ola Electric extends gains; tops Nifty 500 index

Ola Electric Mobility

28/08/2025 07:47

** Shares of Ola Electric OLAE.NS rise 8.2% to 55 rupees, biggest pct gainer on Nifty 500 index .NIFTY500, which is down 0.4%

** Two-wheeler maker up 13% so far since Tuesday when it won incentive compliance for Gen 3 scooters

** Certification makes co eligible for incentives ranging from 13% to 18% of the determined sales value until 2028

** On average, 7 analysts rate it "hold"; median PT is 45 rupees - data compiled by LSEG

** Broader Indian markets down 0.25% on the day as U.S. punitive tariffs take effect .BO

** YTD, OLAE down 35% vs Nifty 500's 1.7% rise

 (Reporting by Komal Salecha)

 ((Komal@thomsonreuters.com;))