OLAELEC

share price surges 10%, what's powering the rally?

Ola Electric share price : Shares of Ola Electric Mobility rose nearly 10 per cent on Tuesday to intraday high of Rs 45.70 on the BSE. The rally came as investors reacted to a major trade development. What's fueling the rally? On Monday, China announced it has lifted export restrictions on fertilizers, rare earth magnets , and tunnel boring machines to India, addressing long-standing concerns raised by New Delhi. This move boosted the auto sector, as rare earth metals are critical for electric vehicles. Ola Electric also drew strong investor interest from this news.