India, April 1 -- Electric two-wheeler (E2W) maker Ola Electric's shares surged 13.49% to reach an intraday high of Rs.25.44 on the BSE today after its escooter registrations more than doubled in March. 

The stock was trading 12.43% higher at Rs.25.65 on the BSE at 13:05 IST. The company's market capitalisation stood at about Rs.11,300 Cr (around $1.2 Bn) at the time. 

Ola Electric jumped back to the fifth position in terms of E2W registrations in March. Its registrations zoomed 139%  to 9,496 units during the month from 3,973 units in February, as per Vahan data. It held a 5.3% share in the E2W market in India last month. 

In a statement, the company claimed its registrations crossed 1,000 units per day in the last...