Ola Electric jumps 10% post ₹780 Cr QIP as new-age tech rally lifts sentiment
Ola Electric surged 10% intraday to ₹49.01, taking m-cap to ₹22,475 Cr, days after closing a ₹780.24 Cr QIP at ₹35.86/share — 56% oversubscribed and backed by Goldman, Mirae, Motilal Oswal and SocGen. Proceeds target debt repayment and growth. FY26 loss narrowed 20% to ₹1,833 Cr though revenue halved to ₹2,460 Cr.
Ola Electric shares jumped 10% intraday amid a new-age tech stock rally, days after raising ₹780 Cr via QIP at a 5% discount. Funds will repay debt, support growth. FY26 loss narrowed 20% but revenue halved.