New Delhi, April 11 -- Shares of Ola Electric Mobility have been in an uptrend since the start of the new financial year. In FY27, Ola Electric's share price has surged from Rs.22.80 per share on the NSE to Rs.40.40 per share on Friday, logging anearly 77% rise in the new financial year.

According to market experts, the rally in Ola Electric's share price is driven by rising EV sales and improving sentiment toward EVs. They said that Ola Electric shares are on the cusp of giving a technical breakout at Rs.46 apiece and can go up to the Rs.60 per share mark after this technical breakout.

Speaking on the reasons fueling Ola Electric's shares, Aakash Shah, Research Analyst at Choice International, said, "The rally is driven by improving EV...