Ola Electric Mobility Ltd Surges with 7.4 Million Shares Traded 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 7,408,165 shares and a total traded value of approximately Rs 39.87 crore. The stock opened at Rs 53.59 and reached an intraday high of Rs 54.40, reflecting a gain of 3.13% during the trading session. As of the latest update, the last traded price stands at Rs 53.65.
In terms of performance, Ola Electric has outperformed its sector by 1.45%, marking a notable achievement. The stock has shown a positive trend, gaining for the last two consecutive days with a total return of 7.72% over this period. However, it is important to note that the delivery volume has decreased significantly, falling by 47.04% compared to the five-day average, with a delivery volume of 1,227,000 shares recorded on October 15.

Ola Electric's liquidity remains robust, with the stock being liquid enough for a trade size of Rs 2.04 crore, based on 2% of the five-day average traded value. Overall, the stock's performance today reflects a mix of positive momentum and declining investor participation.