Ola Electric shares rally 7% on PLI nod for Gen 3 scooter portfolio

August 26, 2025

Ola Electric shares surged following PLI certification for its Gen 3 scooter portfolio, covering seven models that form the bulk of sales. The certification makes the company eligible for incentives up to 18%, boosting margins, profitability, and prospects for sustainable growth from FY26.

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Polycab shares slide 17% in 3 months amid Ultravolt shock, but Jefferies sees 33% upside. What’s behind the bullish view?

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