This recent D-Street debutant climbs over 7%: Here's why

Ola Electric shares in Monday's sesion (December 2) rose up to 7 per cent on the electric company's huge expansion plans. At the day's high, the stock spurted to Rs 93.69 apiece, while last at the time of writing the copy it was up 5.91 per cent or Rs 5.17 at Rs 92.59 per share.

From the IPO issue price of Rs 76 per share, the stock has climbed as much as 23 per cent since its listing on August 9, 2024.

Taking to the X platform, the company's CEO Bhavish Aggarwal remarked that the company is planning to take the electric mobility revolution to the next level this month.

He added that it will increase the store count to 4,000 from just 800. This the company intends in a bid to be as close to its customers as possible.

All stores opening on December 20 across India. Probably, the biggest single day store opening event, added Aggarwal.