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The Economic Times
The Economic Times
Business
Debaroti Adhikary

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

Ola Electric Ola Citi Debaroti Adhikary SEBI

The sharp run-up in Ola Electric shares hit the brakes on Friday as the stock tumbled 9% following a 17% rally in four sessions.

Ola Electric shares fell to Rs 38.75 apiece on NSE on Friday despite the overall positive market sentiment. This sharply brought down the EV scooter-maker’s market capitalisation to nearly Rs 18,000 crore.

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