This employee fired over bizarre reason, rehired after public backlash, check story here…
Jr NTR's Devara makers cut 7-minute scene just 3 days before release due to...
MUDA case: Siddaramaiah refuses to resign as Karnataka CM, says, 'will not...'
Mpox outbreak: Kerala confirms 2nd monkeypox case, man had returned to Ernakulam from...
Another big move by Gautam Adani, his company set to buy stake in...
Railway Minister Ashwini Vaishnaw announces special trains for upcoming festive season
Bhool Bhulaiyaa 3 teaser has Rooh Baba fighting Manjulika, Kartik Aaryan up against Vidya Balan
West Indies legend Dwayne Bravo announces retirement from...
Weather update: IMD issues heavy rainfall warning in 17 states for next three days, check details
In this Indian state, grooms are sent away to their brides' house after marriage, it is...
Malayalam actor Siddique's whereabouts unknown, police intensify search, issue lookout notice
Watch Virat Kohli's gesture when Kanpur ground staff touches his feet, here's viral video
The Big Billion Days Sale 2024: Check dates, offers, best deals on electronics, home appliances
Paracetamol among 53 drugs to fail quality control test: What are the alternatives you can adopt?
Big blow to CSK as Dwayne Bravo part ways, joins this team as...
30-year-old woman collapses at work, dies after manager denies..., company says...
After US, France, UK backs India's bid for permanent UNSC seat
Big blow for BJP as Sunil Jakhar resigns as Punjab chief ahead of Panchayat elections: Report
Bad news for Jr NTR fans, Devara Part 2 has a big update
Husky joins morning aarti, takes social media by storm, internet calls it...; watch viral video
Meet man, an Indian who wanted to become cricketer, now earns Rs 5 crore daily, is married to...
Meet man, who spent over 50 years in jail for murder he never committed, is now set to be...
Earth's 'mini-moon' to be visible from..., here's how you can watch it
PM Modi launches 3 Param Rudra supercomputers: Know features, how these will help India
Salman Khan flaunts his Sikandar biceps, gives glimpse into his fitness regime in viral pic
Virat Kohli needs only 35 runs to break star India cricketer Sachin Tendulkar's world record of...
Mukesh Ambani's Reliance Jio to get tough competition from BSNL as government...
Pakistani actor Darpan, whose brother Santosh was a superstar, reigned the romantic age
Indian mountaineers name peak in Arunachal Pradesh after 6th Dalai Lama, China responds
Anil Ambani rises again, Reliance Group companies becoming debt free, his net worth is...
Meet IAS officer, who can't speak or listen, still aced UPSC in his first attempt with AIR...
Meet man, who leads Rs 7781 crore company, close relative of Mukesh Ambani, has net worth of...
When Nita Ambani shared who she’d date if not her husband, Mukesh Ambani’s response was...
Kanpur weather forecast, India vs Bangladesh 2nd Test: Will rain play spoilsport on Day 1?
Zelenskyy meets Joe Biden, Kamala Harris, discusses Ukraine's 'victory plan'
Meet man, son of closest advisor of Mukesh Ambani’s father, who works in Reliance as…
Grandmaster Gukesh Dommaraju gets Mercedes Benz E-Class as gift, it costs Rs…
Flipkart Big Billion Days: Apple iPhone 15 is available for just Rs....; check how to grab new offer
DNA TV Show: As gold prices hit all-time high, should we invest in yellow metal or shares?
'Why pick up BCCI, settle with them only': SC asks Byju's on Rs 15000 crore debt
NASA’s rover discovers unusual 'Zebra-stripped' rock on...
Mpox outbreak: Centre issues advisory to prevent spread of virus, says, 'minimize risk of...'
Ratan Tata's company inks Rs 91000 crore pact with Taiwan firm to build India's first...
Mukesh Ambani's Reliance teams up with Swedish company, will now sell...
After reducing debt, Anil Ambani's Reliance Infra to now take major decision on...
Good news for these workers, ahead of festive season, Centre increases...
Mukesh Ambani's children, Isha, Akash Ambani shine in Hurun India's list of...
Virat Kohli doesn't want Rishabh Pant in RCB? DC captain lambasts rumors ahead of IPL 2025 auction
IND vs BAN, 2nd Test Dream11 prediction: Fantasy cricket tips for India vs Bangladesh match
Want to time travel? Here's how Google can help you revisit Earth 80 years ago
Bilkis Bano case: SC rejects Gujarat govt's plea seeking review of verdict over certain observations
Mohan Babu robbed of Rs 10 lakh cash from his Hyderabad home, police arrests domestic help
High-Precision Stamping: Key Steps To Ensure Quality And Accuracy
Expert Skincare Tips For A Festive Glow: Dr Shivani Mane’s Guide To Radiant Skin
The Evolving Job Market and Career Choices
Meet Bollywood actress who rejected Shah Rukh Khan’s Kuch Kuch Hota Hai, had her own TV series
Good news for Delhi-NCR! Namo Bharat Metro to pass from 22 stations to reach...
Bihar: 46 people, including 37 children, drown during Jivitputrika festival
Scientists find Earth-like planet in distant solar system, nearly 2 times size of...
Karnataka withdraws general consent to CBI to probe cases in state amid MUDA case row
Sarfira OTT release: When, where to watch Akshay Kumar's remake of Soorarai Pottru
BUSINESS
This meteoric rise in his wealth is directly attributed to the soaring value of Ola Electric shares on Dalal Street
TRENDING NOW
Bhavish Aggarwal, CEO of Ola Electric Mobility, has seen his fortune skyrocket in just a week. The electrifying rise in Ola Electric's stock value since its market debut has not only doubled investors' money but has also propelled Aggarwal's net worth to a staggering Rs 21,000 crore.
The story began with Ola Electric’s IPO on August 2. From its initial public offering to its stock listing on August 9, the company's shares have soared remarkably. Within just seven trading days, Ola Electric's stock price surged by 107%, skyrocketing from Rs 76 to an impressive Rs 157.53, hitting the upper circuit limit four times during this period. However, the stock did face a slight decline of 12% after reaching its peak.
Aggarwal's net worth has benefited immensely from this stock surge. With a 30.02% stake in Ola Electric Mobility, he holds 1,32,39,60,029 shares, translating his stake's value to Rs 20,856 crore (approximately $2.48 billion). This meteoric rise in his wealth is directly attributed to the soaring value of Ola Electric shares on Dalal Street.
HSBC has given a Buy rating to Ola Electric shares, indicating the potential of the Indian electric vehicle market. The stock has exceeded its target price of Rs 140, surpassing Rs 157 following a positive outlook report on August 15. Ola Electric, founded in 2017 and based in Bengaluru, focuses on manufacturing electric vehicles and components. The IPO was met with enthusiastic investor response, being subscribed 4.45 times, indicating high demand and a positive market outlook.
Bhavish Aggarwal, born on August 28, 1985, in Ludhiana, Punjab, is a prominent Indian entrepreneur. He is best known as the co-founder and CEO of Ola Cabs and the founder of Ola Electric, which became India's first AI unicorn in 2024. Aggarwal's innovative ventures have significantly impacted the tech and transportation sectors, leading him to be featured in Time magazine's 100 Most Influential People of 2018. His net worth is approximately $2.3 billion, making him one of the youngest self-made billionaires globally.
Aggarwal's journey began with a degree in computer science from the Indian Institute of Technology Bombay and a stint at Microsoft. He co-founded Ola Cabs in 2010, which transformed the Indian taxi industry. More recently, his focus has shifted to electric vehicles and AI, with Ola Electric's stock making headlines for its impressive market performance.