OLA Electric Mobility shares witnessed strong buying interest on Tuesday, June 3, with the stock rallying more than 7% during afternoon trade. The sharp upmove came amid heavy trading activity, making the electric vehicle maker one of the most actively traded counters on the exchanges.
As of 2:02 PM IST, OLA Electric shares touched an intraday high of Rs 42.83, compared to the previous closing price of Rs 39.83. The stock opened the session at Rs 40.00 and moved higher throughout the day, reflecting positive investor sentiment.
The stock traded in a wide range during the session, hitting a low of Rs 38.08 before rebounding strongly to its day's peak. The surge was accompanied by significant market participation, with live trading volume crossing 15.90 crore shares, indicating heightened investor interest.
OLA Electric share price Performance
· Previous Close: Rs 39.83
· Open Price: Rs 40.00
· Day's Low: Rs 38.08
· Day's High: Rs 42.83
· 52-Week Low: Rs 22.25
· 52-Week High: Rs 71.25
· Live Volume: 15.90 Crore Shares
· Gain: Over 7% (as of 2:02 PM IST)
Despite today's rally, the stock remains significantly below its 52-week high of Rs 71.25. However, it has recovered substantially from its 52-week low of Rs 22.25, highlighting improved momentum in recent trading sessions.
Investors will continue to watch whether the stock can sustain its upward momentum in the coming sessions, especially as trading volumes remain elevated and sentiment toward electric mobility stocks evolves.