India, March 18 -- After a steep decline over the last few months, shares of Ola Electric zoomed 14% to INR 53.48 during early trading on the BSE today.

At 11:48 AM, the stock was trading at INR 53.24 apiece. At this level, the company's market capitalisation stood at INR 23,483.26 Cr and about 9 Cr shares were traded during the day till then.

The jump in shares came as the broader market also saw a rally today. Benchmark indices Sensex and Nifty 50 were up 1.23% and 1.19%, respectively.

Shares of Ola Electric plunged nearly 7% yesterday following the company's disclosure that one of its subsidiaries is facing bankruptcy proceedings.

Rosmerta Digital Services, which provides registration services to Ola Electric, filed a plea before t...