Ola Electric shares have rebounded sharply from March lows, supported by improving sentiment, strong sales, and a BESS partnership. Analysts remain cautious, citing execution, competition, and cash-burn risks. Technical indicators suggest resistance near Rs 45–50, with sustained operational improvement seen as essential for further upside.
Ola Electric shares have rebounded sharply from March lows, supported by improving sentiment, strong sales, and a BESS partnership. Analysts remain cautious, citing execution, competition, and cash-burn risks. Technical indicators suggest resistance near Rs 45–50, with sustained operational improvement seen as essential for further upside.
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Shares of Ola Electric Mobility have jumped 31% in six months and have nearly doubled from March low, with analysts highlighting that the near-term sentiment has improved but caution is still warranted.Ola Electric shares gained around 10% in a week but fell over 2% in a month, trading at around Rs 41 apiece. The EV-scooter maker’s shares recorded sharp gains earlier this week after the company signed a memorandum of understanding (MoU) with Axis Energy to deploy up to 20 GWh of battery energy …
