India's Ola Electric Mobility rises after CEO completes one-time share sale

Ola Electric Mobility

19/12/2025 05:41

** Shares of Ola Electric Mobility Ltd OLAE.NS rise as much as ~10% to 34.38 rupees
** Electric two-wheeler maker confirms CEO Bhavish Aggarwal has completed one-time, limited monetisation of a portion of his shareholding undertaken to repay a promoter-level loan

** Stock on track to snap three days of losses

** More than 194.2 mln shares traded as of 11:02 A.M. IST, 4.8x their 30-day moving avg
** Mean rating of stock is 'hold'; their median PT is 46 rupees - data compiled by LSEG
** OLAE last up 9.2%, cutting YTD losses to 63%

 (Reporting by Meenakshi Maidas in Bengaluru)

 ((meenakshi.maidas@thomsonreuters.com;))