Ola Electric shares tumble 9% after 17% rally in 4 days. Why brokerages remain cautious
Indian markets moved lower in an energy transition development.
· Economic Times Markets, ET Stocks
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.
The analysis
The shift to renewables is redrawing which energy names are structural winners versus stranded.
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