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Broker call▼ Strongly bearish for Ola Electric Mobility
Ola Electric Share Price Falls 3% After HSBC Sees Over 37% Downside, Maintains 'Reduce' Rating
The brief
- Ola Electric shares fell 2.7% to ₹36.8 on NSE, against a 0.83% Nifty decline
- HSBC maintained its Reduce rating and sees over 37% downside
- Ola Electric shareholders face downside risk as the stock underperforms the Nifty
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Ola Electric shares ahead of fundraise decision
Ola Electric shares ended a four-session rally in which they had gained 17%, falling as much as 9% on September 25. The company’s board was due to consider a proposed fundraise.
Tuesday, 29 September
- Ola Electric Share Price Falls 3% After HSBC Sees Over 37% Downside, Maintains 'Reduce' Rating