India, Aug. 28 -- Continuing the strong momentum seen over the last few sessions, shares of EV maker Ola Electric surged 9.7% during the early trading hours on the BSE today.

At 11:35, the stock was trading 9.3% higher at INR 55.50, taking the company's market capitalisation to INR 24,475.10 Cr (about $2.7 Bn). As many as 37 Cr shares of the company had been traded by this time.

The stock's uptrend defied the broader Indian market, with Sensex down 0.2% at 80,596 at the time.

Ola Electric has been on an upward trend over the last few sessions due to improvement in its financial performance, plans to integrate its battery cells into its EVs, announcement of launch of a new escooter, and it receiving PLI certification for its Gen 3 scoot...