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Ola Electric today announced that its flagship electric motorcycle, the Roadster X+ (9.1 kWh), powered by its indigenously developed 4680 Bharat Cell battery pack, has been approved under the Central Motor Vehicle Rules (CMVR), 1989 by the International Centre for Automotive Technology (iCAT), Manesar, a government testing agency. With this certification, Ola Electric will now begin deliveries of the Roadster X+ (9.1kWh), marking a significant milestone as it becomes the first electric motorcycle in India to be certified with a completely in-house developed 4680 Bharat Cell battery pack.
The Roadster X+ 9.1kWh sets a new benchmark in electric motorcycling with an industry-leading range of up to 500 km, enabled by the high energy density and advanced thermal performance of Ola's homegrown 4680 Bharat Cell technology, making long-distance and inter-city riding practical beyond urban centres. By addressing range anxiety at a fundamental level, the Roadster X+ opens up electric motorcycling for riders beyond metros to Tier 2 and Tier 3 markets, where longer distances and limited charging infrastructure have traditionally been barriers to EV adoption.
Shares of Sammaan Capital banned from F&O trading on 26 December 2025.
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NBCC (India) has signed memorandum of understanding (MoU) with Board of Mumbai Port Authority for the development of CGO Complex on 25 acres at Mumbai Port's land, as deposit work on turnkey basis.
Ola Electric Mobility received a sanction order from the Ministry of Heavy Industries, Government of India, for the release of incentives amounting to Rs 366.78 crore under the Production Linked Incentive Scheme for Automobile and Auto Components (PLI-Auto Scheme) for claims pertaining to FY 2024-25.
Lenskart Solutions’ Singapore arm approved an investment of KRW 3 billon (approximately Rs 18.6 crore ) for the acquisition of 29.24% of the share capital of iiNeer Corp.
Gujarat Gas’ Milind Torawane, IAS has resigned as managing director with effect from 24 th December 2025, following his transfer and appoint as Principal Secretary to Government, Education Department (Primary & Secondary Education). It has appointed Avantika Singh Aulakh, IAS as managing director.
Strides Pharma Sciences’ wholly owned subsidiary, Strides Pharma Inc. USA has received a Form 483 with four observations from US Food and Drug Administration (USFDA) following an inspection of its formulations facility at Chestnut Ridge, New York.
The PLI-Auto Scheme is a flagship initiative of the Government of India aimed at strengthening domestic manufacturing, encouraging advanced automotive technologies, and enhancing India’s global competitiveness in the auto and auto components sector.
Ola Electric spokesperson said, “The sanction of Rs 366.78 crore under the PLI-Auto Scheme is a strong endorsement of Ola Electric’s manufacturing capabilities and our commitment to building world-class EV technology in India. This incentive recognises our sustained efforts in scaling domestic production, deepening localisation, and driving innovation across the electric mobility value chain. We remain committed to supporting the Government of India’s vision of making India a global hub for advanced automotive manufacturing and clean mobility.”
Ola Electric Mobility is a leading Indian electric vehicle (EV) manufacturer engaged in the integrated development of EV technology and components, including battery cells. Its manufacturing facility, the Ola Futurefactory in Tamil Nadu, produces EVs and key components and is positioned as one of India’s major EV hubs.
On a consolidated basis, Ola Electric reported a net loss of Rs 418 crore in Q2 September 2025, compared with a net loss of Rs 495 crore a year earlier. Net sales fell 43.16% YoY to Rs 690 crore in the quarter.
Ola Electric today announced that it has received a sanction order from the Ministry of Heavy Industries, Government of India, for the release of incentives amounting to Rs 366.78 crore under the Production Linked Incentive Scheme for Automobile and Auto Components (PLI-Auto Scheme) for claims pertaining to FY 2024-25.
The sanction pertains to the Demand Incentive for the Determined Sales Value for FY 2024-25, and authorises a payment of Rs 366.78 crore to be released through IFCI, the designated financial institution for disbursement under the scheme. The incentive has been sanctioned in accordance with the applicable terms and conditions of the PLI-Auto Scheme, as amended from time to time.
This milestone reinforces Ola Electric's role as a key contributor to India's advanced automotive manufacturing ecosystem and reflects the company's strong execution across scale, localisation, and technology-led vertically integrated manufacturing.
Ola Electric Mobility Ltd, Bharti Airtel Ltd Partly Paidup, ITI Ltd and JK Tyre & Industries Ltd are among the other gainers in the BSE's 'A' group today, 19 December 2025.
Rain Industries Ltd soared 11.25% to Rs 123.6 at 11:46 IST. The stock was the biggest gainer in the BSE's 'A' group. On the BSE, 7.31 lakh shares were traded on the counter so far as against the average daily volumes of 62541 shares in the past one month.
Ola Electric Mobility Ltd spiked 9.43% to Rs 34.23. The stock was the second biggest gainer in 'A' group. On the BSE, 343.48 lakh shares were traded on the counter so far as against the average daily volumes of 54.65 lakh shares in the past one month.
Bharti Airtel Ltd Partly Paidup surged 9.18% to Rs 1667.45. The stock was the third biggest gainer in 'A' group. On the BSE, 18958 shares were traded on the counter so far as against the average daily volumes of 4296 shares in the past one month.
ITI Ltd gained 8.17% to Rs 319.1. The stock was the fourth biggest gainer in 'A' group. On the BSE, 17.01 lakh shares were traded on the counter so far as against the average daily volumes of 1.65 lakh shares in the past one month.
JK Tyre & Industries Ltd exploded 6.65% to Rs 489.45. The stock was the fifth biggest gainer in 'A' group. On the BSE, 3.43 lakh shares were traded on the counter so far as against the average daily volumes of 60091 shares in the past one month.
The rebound came after clarity on recent bulk deals by promoter Bhavish Aggarwal. Exchange data showed that on December 18, he sold 2.83 crore shares, or 0.64% equity, at Rs 31.90 apiece, raising Rs 90.27 crore.
Earlier, Aggarwal sold 2.62 crore shares, or about 0.6% equity, on December 16 at an average price of Rs 34.99, raising around Rs 92 crore. This was followed by the sale of 4.19 crore shares, or 0.95% equity, on December 17 at an average price of Rs 33.96, fetching about Rs 142.3 crore.
Together, the three transactions accounted for 2.19% of Ola Electric’s equity, valued at Rs 324.27 crore. As of September 2025, Aggarwal held 132.39 crore shares, or 30.02% equity, in the company.
In a statement, Ola Electric said the monetisation was carried out solely to fully repay a promoter level loan of around Rs 260 crore and to release all 3.93% shares that were previously pledged, thereby eliminating all promoter pledges.
Following the transactions, the promoter group continues to hold a 34.6% stake in Ola Electric. The company said there is no dilution of promoter control and no change in long term commitment. It added that the exercise was planned, time bound and executed entirely at the promoter’s personal level, with no impact on operations, performance or strategic direction.
Ola Electric reiterated its focus on building a globally competitive, India first electric mobility and clean energy company.
The company recently forayed into India’s Rs 1 lakh crore Battery Energy Storage Systems (BESS) market with the launch of 'Ola Shakti', its first residential energy storage product.
Hitachi Energy India Ltd, PTC Industries Ltd, Tips Music Ltd and Garware Hi Tech Films Ltd are among the other losers in the BSE's 'A' group today, 18 December 2025.
Ola Electric Mobility Ltd tumbled 5.83% to Rs 31 at 14:46 IST.The stock was the biggest loser in the BSE's 'A' group.On the BSE, 144.4 lakh shares were traded on the counter so far as against the average daily volumes of 47.82 lakh shares in the past one month.
Hitachi Energy India Ltd lost 4.87% to Rs 18225. The stock was the second biggest loser in 'A' group.On the BSE, 5605 shares were traded on the counter so far as against the average daily volumes of 4492 shares in the past one month.
PTC Industries Ltd crashed 4.60% to Rs 16651.2. The stock was the third biggest loser in 'A' group.On the BSE, 2383 shares were traded on the counter so far as against the average daily volumes of 842 shares in the past one month.
Tips Music Ltd pared 4.40% to Rs 526.3. The stock was the fourth biggest loser in 'A' group.On the BSE, 5538 shares were traded on the counter so far as against the average daily volumes of 14019 shares in the past one month.
Garware Hi Tech Films Ltd plummeted 4.06% to Rs 3419. The stock was the fifth biggest loser in 'A' group.On the BSE, 2925 shares were traded on the counter so far as against the average daily volumes of 4116 shares in the past one month.
The stock hit a record low of Rs 31.11 today. At current levels, Ola Electric shares are down 68.63% from their 52-week high of Rs 99.90 touched on 26 December 2024.
In a statement, Ola Electric said the sale was a one-time and limited monetisation by the founder at a personal level to fully repay a promoter-level loan of Rs 260 crore. The repayment will lead to the release of all previously pledged 3.93% shares, removing a key overhang on the stock.
The company clarified that the transaction does not involve any dilution of promoter control. Post the sale, the promoter group is expected to continue holding around 34% stake in Ola Electric. The company added that the move will have no impact on operations, governance or long-term strategy, and that it reflects the founder’s intent to run the business with zero promoter pledge.
The company recently forayed into India’s Rs 1 lakh crore Battery Energy Storage Systems (BESS) market with the launch of “Ola Shakti”, its first residential energy storage product.
On a consolidated basis, Ola Electric Mobility reported net loss of Rs 418 crore in Q2 September 2025 as against net loss of Rs 495 crore in Q2 September 2024. Net sales declined 43.16% YoY to Rs 690 crore in Q2 September 2025.
Ola Electric Mobility Ltd, PB Fintech Ltd, Embassy Developments Ltd and Axis Bank Ltd are among the other losers in the BSE's 'A' group today, 16 December 2025.
Jai Balaji Industries Ltd lost 7.69% to Rs 61.72 at 14:46 IST.The stock was the biggest loser in the BSE's 'A' group.On the BSE, 2.44 lakh shares were traded on the counter so far as against the average daily volumes of 2.38 lakh shares in the past one month.
Ola Electric Mobility Ltd crashed 7.09% to Rs 34.74. The stock was the second biggest loser in 'A' group.On the BSE, 43.06 lakh shares were traded on the counter so far as against the average daily volumes of 40.93 lakh shares in the past one month.
PB Fintech Ltd tumbled 5.44% to Rs 1820.5. The stock was the third biggest loser in 'A' group.On the BSE, 51901 shares were traded on the counter so far as against the average daily volumes of 90976 shares in the past one month.
Embassy Developments Ltd dropped 4.99% to Rs 64.56. The stock was the fourth biggest loser in 'A' group.On the BSE, 2.62 lakh shares were traded on the counter so far as against the average daily volumes of 2.97 lakh shares in the past one month.
Axis Bank Ltd plummeted 4.80% to Rs 1222.5. The stock was the fifth biggest loser in 'A' group.On the BSE, 1.27 lakh shares were traded on the counter so far as against the average daily volumes of 2.03 lakh shares in the past one month.
Ola Electric today announced the commencement of mass deliveries of its 4680 Bharat Cell power vehicles. The S1 Pro+ (5.2kWh) is the first product to be powered by the company's indigenously manufactured 4680 Bharat Cell battery pack that delivers more range, better performance and enhanced safety. With its own battery packs in the vehicles, Ola Electric is now India's first company to fully own the battery pack and cell manufacturing process in-house.
Ola Electric spokesperson said, “The excitement for S1 Pro+ has been phenomenal. Deliveries are now in full swing, and customers are proudly riding India's first scooters powered by our own 4680 Bharat Cell. This is a big moment, not just for Ola, but for India's journey towards becoming a global EV hub. With the national rollout starting soon, we are now ready to take this breakthrough product and technology to every corner of the country.”
S1 Pro+ (5.2kWh) is powered by a 13 kW motor offering an unmatched performance with a brisk acceleration of 0-40 kmph in just 2.1. The S1 Pro+ (5.2kWh) comes with an impressive range of 320km (IDC with DIY mode). S1 Pro+ gets four riding modes - Hyper, Sports, Normal and Eco and also offers enhanced safety with category-first dual ABS, and disk brakes in front and rear. It also gets enhanced ergonomics and comfort two-tone seat with supportive foam, body-coloured mirrors, a new die-cast aluminium grab handle, rim decals, and an expanded colour palette comprising of Passion Red, Porcelain White, Industrial Silver, Jet Black, Stellar Blue, Midnight Blue.