Ola Electric Mobility Ltd.’s shares saw sharp swings over two sessions through Thursday, with trading volumes surging to a record as the Indian e-scooter maker’s push to rollout new models and build a battery cell gigafactory drew analyst attention.
Shares of the Bengaluru-based company tumbled almost 9% in Mumbai, paring part of Wednesday’s 19% surge. Trading was heavy on both days, with 173.5 million shares changing hands in 76 block deals — almost 4% of its equity capital, data compiled by Bloomberg show.