India, April 2 -- Shares of electric two-wheeler (E2W) maker Ola Electric rallied for the second straight session, surging over 10% to reach an intraday high of Rs.28.53 on the BSE today after the company said it it cutting the price of its Roadster X+ 9.1 kWh electric motorbike by over 31%. 

At 13:35 IST, the stock was trading 7.10% higher at Rs.27.77 apiece on the BSE. The company's market capitalisation stood at around Rs.12,250 Cr (about $1.3 Bn) at the time.  

The rally in the stock began yesterday, with the stock zooming over 14% during the intraday trading following a sharp improvement in its E2W registrations in March. The Bhavish Aggarwal-led company's registrations jumped 139% to 9,496 units last month from 3,97...