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Ola Electric shares jump 7% ahead of Q2 earnings

Positive+46

GreyOak summary

Ola Electric Mobility shares rose 7% to Rs 37 on the NSE ahead of its Q2 earnings. This rally follows the Centre's decision to make electric vehicles the default choice for government staff car procurement. The policy doubled the net dealer price ceiling for EVs to Rs 20 lakh, aiming to promote electric mobility.

What it affects

  • EV transitionPositive +46

    Government policy boosts EV adoption.Rolling sentiment Positive +40

Source

Read the original at Economic Times

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