India's Ola Electric rallies to best month ever; boosted by winning incentive

Ola Electric Mobility

29/08/2025 05:51

** Shares of Ola Electric OLAE.NS up 35% this month, its best since listing on Aug 9, 2024

** Electric two-wheeler maker extends gains for fourth straight session, up 2% to 55 rupees on Friday

** Co secured production linked incentive compliance for its Gen 3 scooters on Tuesday; OLAE up 16% since

** On Aug 20, shares rallied some 18% on multiple block deals at premium

** Stock rated "hold" on avg by 7 analysts; median PT at 45 rupees- data compiled by LSEG

** YTD, OLAE down 34%

 (Reporting by Komal Salecha)

 ((Komal@thomsonreuters.com;))