Ola Electric shares rise over 15% in 3 sessions. What’s fuelling the rally?

Shares of Ola Electric rose nearly 5% to Rs 57.80 after the EV maker launched Ola Shakti, its entry into the energy storage business. The portable battery system powers home appliances and small businesses, with four configurations priced between Rs 29,999 and Rs 1,59,999. The company expects BESS demand to surpass automotive battery consumption in the coming years.