Ola Electric shares surged nearly 10% to ₹55.75 on August 28, hitting a five-month high and gaining 15% in two sessions. The EV maker secured PLI certification for its Gen 3 scooters, making it eligible for 13–18% incentives till 2028. The stock has rebounded 41% from its 52-week low but remains 58% below its peak.

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