New Delhi, Feb. 18 -- Ola Electric share price rebounded 5% to Rs.29.35 apiece on Wednesday, February 18, after declining for four sessions straight, declining over 9%. The electric two-wheeler maker's stock witnessed a bounce back after the Bombay High Court (HC) ordered a stay on the warrant issued by the District Consumer Commission of Goa.

"The Hon'ble High Court of Bombay at Goa has stayed the warrant issued by the District Consumer Commission, South Goa. Additionally, the Hon'ble Court observed that the Commission exceeded its jurisdiction under the Consumer Protection Act in issuing the warrant. The Company requests that due note be taken of the aforesaid factual legal position," the company said in the filing.

According to CNBC ...