New Delhi, April 9 -- Ola Electric Mobility share price extended its rally for a second straight session on Thursday, April 9, rising more than 16% in intraday trade to Rs.35.27. The stock had already gained 5% on Wednesday, closing above the Rs.30 mark for the first time in nearly two months. Over the last two trading sessions, the scrip has climbed over 20%.

Today's rise comes on the back of a broader market sell-off. Benchmarks Sensex and Nifty fell over 1% each in trade today amid fading hopes of a ceasefire between US and Iran.

The latest upmove came after the company announced on April 7 that its in-house Lithium Iron Phosphate (LFP) cell is now ready, marking a key development in its efforts to build a broader electric mobility a...