Ola Electric Shares Surge 20 Percent on Debut on EV Optimism
Ola Electric Mobility’s shares surged 20% on their trading debut in Mumbai on Friday, valuing the company at $4.8 billion, as investors bet on increasing adoption of electric vehicles in the world’s largest market for two-wheelers.The stock had listed flat to its initial public offering (IPO) price of 76 rupees before rising to 91.20 rupees…