Shares of Ola Electric and Other Firms Rise on High Trading Volumes
Listen to the story
Shares of some Indian companies went up a lot today.
The companies are Ola Electric, Sona BLW, and Onesource Specialty.
Many people bought and sold these shares. This is called high volume.
High volume often happens when a share price moves fast.
SoftBank is a big Japanese company. It owns part of Ola Electric.
SoftBank sold some of its Ola Electric shares.
It sold 1.2% of its stake between January and October.
SoftBank also sold special rights in Ola Electric.
These rights let people buy more shares at a lower price.
SoftBank sold 3.58 crore of these rights.
This happened during a ₹1,000-crore share issue.
A crore is an Indian number. One crore equals ten million.
Ola Electric makes electric vehicles in India.
Investors are watching these companies closely now.
Vocabulary9 words
- shares
- small parts of a company that people can buy
- volume
- how much of something is bought or sold
- stake
- the part of a company you own
- rights
- a special chance to buy something
- issue
- when a company gives out new shares
- vehicles
- things like cars or scooters that move people
- crore
- an Indian number word for ten million
- Ola Electric
- an Indian company that makes electric vehicles
- SoftBank
- a big Japanese company that invests money
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Quiz
Answer key
1. Ola Electric, Sona BLW, and Onesource Specialty 2. 1.2% 3. True
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Fill-in-the-blank listening
Play the audio again and fill in the missing words as you listen.
Shares of some Indian companies went up a lot _____.
The companies are Ola Electric, Sona BLW, and _____ Specialty.
Many people bought and sold these shares. This is called high _____.
SoftBank is a big Japanese company. It owns part of _____ Electric.
SoftBank sold some of its Ola Electric _____.
It sold _____% of its stake between January and October.
SoftBank also sold special _____ in Ola Electric.
SoftBank sold 3.58 _____ of these rights.
This happened during a ₹1,000-crore share _____.
Ola Electric makes electric _____ in India.
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