New Delhi, Dec. 26 -- EV stock Ola Electric Mobility share price rose over 5% in intra-day deals on Friday, December 26, after the company informed exchanges that the government has sanctioned incentives worth Rs.366.78 crore under the Production Linked Incentive (PLI)-Auto scheme for claims pertaining to FY25.

The stock climbed as much as 5.4% during the session to touch an intraday high of Rs.37.28, reacting positively to the announcement made through an exchange filing on December 25, a day when domestic markets were closed for Christmas.

Despite Friday's rally, Ola Electric shares remain well below their historical highs. The stock is still about 63% lower than its 52-week high of Rs.99.90, which was recorded in December 2024. On th...