New Delhi, April 10 -- Shares of Ola Electric Mobility have staged a smart rebound, rising 70% in April so far, providing a relief to shareholders after the heavy bear hammering seen in prior months. In Friday's trade, the new-age stock jumped another 6% and remains in the green for six of the seven trading sessions this month.

This marks a sharp turnaround from the back-to-back losses seen for six consecutive months starting in October, during which it eroded 85% of its value, showing signs of peak pessimism. During this period, it even plumbed a fresh low of Rs.21.21 per share, with its market cap wiping off nearly Rs.9,000 crore from investor wealth.

The stock corrected because investors were worried not only about weak volumes, but ...