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Ola Electric shares tumble 9% after 17% rally in 4 days. Why brokerages remain cautious

Economic Times Markets
Ola Electric shares tumble 9% after 17% rally in 4 days. Why brokerages remain cautious
Economic Times Markets

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.

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Source: Economic Times Markets

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