{"id":141505,"date":"2024-12-26T15:32:25","date_gmt":"2024-12-26T10:02:25","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=141505"},"modified":"2024-12-26T17:17:48","modified_gmt":"2024-12-26T11:47:48","slug":"ev-stock-jumps-6-after-company-opens-3200-new-stores-nationwide","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/ev-stock-jumps-6-after-company-opens-3200-new-stores-nationwide\/","title":{"rendered":"EV stock jumps 6% after company opens 3,200 new stores nationwide"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2885871991\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>In Thursday\u2019s trading session, the shares of one of the leading electric vehicle (EV) manufacturers in India specializing in the design, manufacturing, and development of electric vehicles (EVs) jumps upto 6 percent following the increase in its store network by up to 4,000 nationwide.<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3649791564\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><h2 class=\"wp-block-heading has-medium-font-size\"><strong>Price action<\/strong><\/h2><p>With a market capitalization of 41,483 Crores on Thursday, the shares of <strong>Ola Electric Mobility limited<\/strong> rose by 6.3 percent making a high of Rs 99.95 compared to its previous closing price of Rs 93.98.<\/p><h2 class=\"wp-block-heading has-medium-font-size\"><strong>What happened<\/strong><\/h2><p>Ola Electric Ltd specializes in the design, manufacturing, and development of electric vehicles (EVs), particularly electric scooters and two-wheelers. On Wednesday, the e-scooter manufacturer Ola Electric Mobility Ltd announced the opening of 3,200 new stores over the past month, bringing its total to over 4,000 centers across India. This expansion enables a deeper reach beyond tier-1 and tier-2 cities<\/p><p>They follow a unique B2C business model, allowing direct transactions with customers through its own stores across the country.<\/p><div class=\"trade-content_5\" id=\"trade-23482141\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><h2 class=\"wp-block-heading has-medium-font-size\"><strong>About the company&nbsp;<\/strong><\/h2><p>Ola Electric Ltd is a leading electric vehicle (EV) manufacturer in India, committed to revolutionizing the transportation sector with sustainable and innovative solutions. Founded in 2017 as a subsidiary of the well-known ride-hailing company Ola, Ola Electric focuses on producing high-performance electric scooters and two-wheelers.<\/p><p>It specializes in the design, manufacturing, and development of electric vehicles (EVs), particularly electric scooters and two-wheelers, and focuses on creating sustainable and high-performance electric mobility solutions.<\/p><p>Ola Electric is also specialized in building robust charging infrastructure, such as the Ola Hypercharger Network, to support the widespread adoption of electric vehicles.<\/p><h2 class=\"wp-block-heading has-medium-font-size\"><strong>Recent Launch<\/strong><\/h2><p>Ola unveiled the limited edition S1 Pro Sona, featuring real 24-karat gold-plated elements. To celebrate its expansion, Ola conducted the Ola Sona Contest and also launched the MoveOS 5 beta version by introducing new features such as Group Navigation, Live Location Sharing, Road Trip Mode with Ola Maps, Smart Charging, Smart Park, and TPMS alerts, enhancing the overall riding experience.<\/p><h2 class=\"wp-block-heading has-medium-font-size\"><strong>Shareholding pattern&nbsp;<\/strong><\/h2><p>The ownership structure of Ola Electric Ltd is diversified as follows: the promoters hold 36.78 percent, Foreign Institutional Investors (FIIs) own 4.18 percent, Domestic Institutional Investors (DIIs) hold 5.16 percent,&nbsp; and the remaining 53.88 percent&nbsp; is held by the public.<\/p><h2 class=\"wp-block-heading has-medium-font-size\"><strong>Financials&nbsp;<\/strong><\/h2><p>The company&#8217;s revenue rose by 42.5 percent from Rs 922 crore to Rs 1,314 crore in Q2FY24-25. Meanwhile, Net loss declined from Rs 524 crores to Rs 495 crore during the same period.<\/p><div class=\"trade-content-10\" id=\"trade-2286581588\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_3_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"2969612066\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written by Sridhar J<\/strong><\/p><\/blockquote><p class=\"has-medium-font-size\"><strong>Disclaimer<\/strong><\/p><div class=\"wp-block-image\"><figure class=\"aligncenter size-medium\"><img decoding=\"async\" width=\"300\" height=\"300\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/warning-disclaimer-300x300.png\" alt=\"\" class=\"wp-image-26306\"\/><\/figure><\/div><p><strong>The views and investment tips expressed by investment experts\/broking houses\/rating agencies on <a href=\"http:\/\/tradebrains.in\/\">tradebrains.in<\/a> are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing<\/strong>.<\/p><div class=\"trade-after-content\" id=\"trade-4192653048\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>In Thursday\u2019s trading session, the shares of one of the leading electric vehicle (EV) manufacturers in India specializing in the design, manufacturing, and development of electric vehicles (EVs) jumps upto 6 percent following the increase in its store network by up to 4,000 nationwide. Price action With a market capitalization of 41,483 Crores on Thursday, [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":118830,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[4865,31,13525],"tags":[],"class_list":["post-141505","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-analysis","category-news","category-stock-updates"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>EV stock jumps 6% after company opens 3,200 new stores nationwide - Trade Brains Features<\/title>\n<meta name=\"description\" content=\"In Thursday\u2019s trading session, the shares of one of the leading electric vehicle (EV) manufacturers in India specializing in the design, manufacturing, and development of electric vehicles (EVs) jumps upto 6 percent following the increase in its store network by up to 4,000 nationwide.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/ev-stock-jumps-6-after-company-opens-3200-new-stores-nationwide\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"EV stock jumps 6% after company opens 3,200 new stores nationwide\" \/>\n<meta property=\"og:description\" content=\"In Thursday\u2019s trading session, the shares of one of the leading electric vehicle (EV) manufacturers in India specializing in the design, manufacturing, and development of electric vehicles (EVs) jumps upto 6 percent following the increase in its store network by up to 4,000 nationwide.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/tradebrains.in\/features\/ev-stock-jumps-6-after-company-opens-3200-new-stores-nationwide\/\" \/>\n<meta property=\"og:site_name\" content=\"Trade Brains Features\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/TradeBrainsOfficial\/\" \/>\n<meta property=\"article:published_time\" content=\"2024-12-26T10:02:25+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-12-26T11:47:48+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/02\/ev001.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"854\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Trade Brains\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@TradeBrainsGrp\" \/>\n<meta name=\"twitter:site\" content=\"@TradeBrainsGrp\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Trade Brains\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/tradebrains.in\/features\/ev-stock-jumps-6-after-company-opens-3200-new-stores-nationwide\/\",\"url\":\"https:\/\/tradebrains.in\/features\/ev-stock-jumps-6-after-company-opens-3200-new-stores-nationwide\/\",\"name\":\"EV stock jumps 6% after company opens 3,200 new stores nationwide - 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