Ola Electric‘s share price band has been revised upwards by the exchanges.

What Happened: Ola Electric's share price has been under pressure over the past few weeks. The stock ended Monday over 8% lower at ₹90.82. This is the lowest level since it ended its listing day at around ₹92 levels. The stock now trades 31% above its IPO issue price giving up most of the gains it achieved during the first few weeks of going public.

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The Ola Electric share price band has now been revised upwards to 20% from 10%. The stock can now move 20% in either direction. The price band was revised downwards to 10% back in August.

Stock exchanges implement price bands as a surveillance measure to manage excessive volatility in the market. The BSE’s circuit filter mechanism sets upper and lower limits on daily price movements for listed securities, restricting how much a stock’s price can fluctuate within a single trading session.

According to SEBI, most individual stocks are assigned price bands with limits of up to 20% on either side. This means that a stock can only rise or fall by a maximum of 20% in a day. However, stocks with associated derivatives are generally excluded from these restrictions due to the broader market dynamics that influence their prices.

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