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Funding and debt▼ Bearish for Ola Electric Mobility
Ola sheds 3.5%: Why is EV 2W stock down despite ₹1,000 cr fundraise plan?
The brief
- Ola Electric shares fell over 3% after board approval for a ₹1,000 crore rights issue
- The rights issue and share decline affect Ola Electric investors and India’s electric two-wheeler sector
- Ola Electric Share Price Falls 3% After HSBC Sees Over 37% Downside, Maintains 'Reduce' Rating
- Welspun Corp hits record high, PB Fintech rebounds; Ola Electric, Meesho fall on Nifty500 market open
- Ola shares snap 4-day rally, crash 9% ahead of board meet to raise funds
- Ola Electric shares fall 9% ahead of board meeting on proposed fundraise