Ola Electric rebounds ~6% after Ola Cell wins BIS nod for indigenous LFP 46100 cylindrical cell
Subsidiary Ola Cell Technologies became the first Indian firm certified by BIS for a domestically developed LFP 46100 cylindrical cell, lifting Ola Electric shares from a day-low of Rs 41.84 to Rs 44.16, a 5.55% intraday rebound.
What happened
Ola Electric shares rebounded nearly 6% intraday after subsidiary Ola Cell Technologies received BIS certification for its indigenously developed LFP 46100
Key facts
- Rs 41.84 day low
- Rs 44.16 day high
- 5.55% rebound
- LFP 46100 cell
Why this matters
First-mover BIS approval on indigenous LFP 46100 positions Ola Cell as a strategic partnering or supply target for OEMs seeking PLI-aligned, India-made cell sourcing.