Ola Electric shares tumble 9% after 17% rally in 4 days. Why brokerages remain cautious
Ola Electric shares fell sharply on Friday, snapping a four-day winning streak as investors assessed the EV maker’s proposed rights issue and ongoing funding needs. Despite a recent recovery, the stock remains well below its peak. Brokerages including Citi and Kotak continue to maintain bearish views, citing operational and cash-burn concerns.
Key Takeaways
- Ola Electric shares fell sharply on Friday, snapping a four-day winning streak as investors assessed the EV maker’s proposed rights issue and ongoing funding needs.
- Despite a recent recovery, the stock remains well below its peak.
- Brokerages including Citi and Kotak continue to maintain bearish views, citing operational and cash-burn concerns.
Ola Electric shares fell sharply on Friday, snapping a four-day winning streak as investors assessed the EV maker’s proposed rights issue and ongoing funding needs. Despite a recent recovery, the stock remains well below its peak. Brokerages including Citi and Kotak continue to maintain bearish views, citing operational and cash-burn concerns.
Original Publisher Attribution
This summary was curated from Economic Times.