Ola Electric Mobility Ltd Sees 13.5 Million Shares Traded, Ranking High in Volume Today

Ola Electric Mobility Ltd, a small-cap player in the automobiles sector, has emerged as one of the most active equities today, with a total traded volume of 13,530,090 shares and a total traded value of approximately Rs 77.14 crores. The stock opened at Rs 56.68, reflecting a gain of 2.35% from the previous close of Rs 55.38, and reached an intraday high of Rs 57.95, marking a 4.64% increase.
Over the past three days, Ola Electric has shown a notable upward trend, with returns of 13.93%. The stock is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong performance relative to these benchmarks. However, there has been a slight decline in investor participation, with delivery volume on October 16 falling by 2.94% compared to the 5-day average.

In terms of liquidity, the stock remains accessible for trades up to Rs 2.2 crores, based on 2% of the 5-day average traded value. Overall, Ola Electric Mobility Ltd has demonstrated robust activity and performance metrics today, reflecting its current market position within the automobiles industry.