India, April 9 -- Shares of EV maker Ola Electric continued their upward movement, surging nearly 20% to hit the upper circuit today. 

The stock closed at Rs.36.34, up 19.97% from its previous close of Rs.30.29. It opened higher at Rs.30.49 and climbed steadily through the day to touch its upper circuit limit. 

Over 42 Cr shares changed hands during the session today, translating into a turnover of around Rs.147 Cr. The company's market capitalisation stood at Rs.16,029 Cr (about $1.7 Bn) at the end of the session.

The rally came after the company said on Tuesday (April 7) that its in-house developed 46100 Lithium Iron Phosphate (LFP) cell is ready, a key step in its push towards vertical integration and cost-efficient EV man...