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Why Are Ola Electric Shares Hitting Upper Circuit

Ola Electric's shares have risen over 92% in the last six trading days. What is causing this run-up in shares?

<div class="paragraphs"><p>Ola Electric scooters at an event in Mumbai. (Photographer: Vijay Sartape/NDTV Profit) </p></div>
Ola Electric scooters at an event in Mumbai. (Photographer: Vijay Sartape/NDTV Profit)
The share price of India’s first pure play electric vehicle maker, Ola Electric Mobility Ltd., has been on the rise since it listing on Aug. 9.The share price of any company is normally influenced not only by the fundamentals—financial performance of the company—but more importantly by the liquidity of the stock or in common parlance free float of the stock. Ola Electric's IPO was priced at Rs 76 apiece at a discount to the December ...
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