Ola Electrical Information: Ola Electrical not fallen gross sales? 7% jumped shares on cleansing – INA NEWS
Ola Electrical Information: Ola Electrical Mobility Restricted has denied claims of a pointy decline in its gross sales of February 2025. Electrical two -wheeler firm says it’s fully incorrect and the primary cause for this decline is a temperament backlog in registration attributable to interplay with distributors. The corporate says its gross sales stay sturdy and the backlog is being resolved quickly. The corporate has given this info in change submitting. Ola Electrical says that now every day registration has exceeded 50 per cent of its three -month -old Each day gross sales, and 40 per cent of the February backlog has already been solved. The corporate stated that the remainder of the backlog can be fully resolved by the tip of March 2025. It has proven constructive affect on shares and it jumped about 7 %.
Ola Electrical has acquired discover
Ola Electrical has launched this cleanliness at a time when regulatory authorities have elevated monitoring. The corporate itself has confirmed that it has acquired notices from the Ministry of Heavy Industries on March 11 and the Ministry of Street Transport and Highways on the date of March 18. Other than this, notices have additionally been acquired from 4 states relating to the commerce certificates of a few of its shops. These notices have been acquired as a result of firm’s gross sales knowledge and the information of Vail registration on the automobile portal. The corporate launched the cells figures within the change submitting on 28 February 2025.
How is the situation of shares?
Ola’s rationalization is exhibiting constructive affect on shares right now. It jumped 6.95 per cent to Rs 55.25 in intra-day. Presently, it gained 6.58 % on BSE
It’s at a worth of Rs 55.06, which is at plenty of low cost with an IPO worth of Rs 76. Ola Electrical shares have been listed on 9 August 2024. Final 12 months, on August 20, 2024, a document excessive of Rs 157.53 was on excessive and some days in the past on 18 March 2025 it was at a document excessive of Rs 157.53 and on 18 March 2025 at a document low of Rs 46.32.
Ola Electrical bought 25000 electrical scooters, management positions in February
Ola Electrical’s troubles elevated, authorities sought clarification on disturbances in gross sales knowledge
Ola Electrical Information: Ola Electrical not fallen gross sales? 7% jumped shares on cleansing
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