India, Aug. 13 -- Shares of electric vehicle major Ola Electric surged over 18% to touch an intraday high of INR 130 apiece on the BSE today (August 13). This marks a new share high for the company since its market debut on August 9.

However, the stocks pared some gains to end at INR 114.58 per share at 12.16 PM, up 4.9% from the previous close.

It is pertinent to note that Ola Electric made its public listing on BSE at INR 75.99 apiece as against its IPO issue price of INR 76 (at the upper price band). On the NSE, its shares opened flat at INR 76 apiece.

After muted listing on August 9, its shares rallied as high as INR 91.18 on the same day, up almost 20% from its listing price of INR 76.

The company's listing comes three days after...