Ola Electric shares rise 5%

Shares of Ola Electric Mobility, one of India’s leading two-wheeler EV makers, surged almost 20 percent this week after the company announced that it had secured Production Linked Incentive (PLI) certification for its Gen 3 scooter portfolio. The development, the company said, would strengthen margins and profitability starting this quarter. On Friday’s trade alone, the stock rose 5 percent to hit an intraday high of ₹57.50.