Ola Electric Mobility shines on signing MoU with Axis Energy
OLA Electric Mobility is currently trading at Rs. 41.28, up by 2.73 points or 7.08% from its previous closing of Rs. 38.55 on the BSE.
The scrip opened at Rs. 38.78 and has touched a high and low of Rs. 42.55 and Rs. 38.73 respectively. So far 9005774 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 71.24 on 04-Sep-2025 and a 52 week low of Rs. 21.21 on 02-Mar-2026.
Last one week high and low of the scrip stood at Rs. 39.71 and Rs. 37.21 respectively. The current market cap of the company is Rs. 19124.58 crore.
The promoters holding in the company stood at 32.97%, while Institutions and Non-Institutions held 16.27% and 50.77% respectively.
Ola Electric Mobility has signed a Memorandum of Understanding (MoU) with Axis Energy to deploy up to 20 GWh of battery energy storage systems by 2032, marking its entry into utility-scale storage.
The MoU is the first large-scale partnership for Ola Mahashakti, Ola's forthcoming energy storage platform for commercial, industrial and utility-scale applications, scheduled to launch on August 15. The partnership is an early demonstration of the scale of demand Mahashakti can address. It establishes utility-scale BESS as a significant new growth avenue for Ola.
