Ola Electric Crashes Another 5%, Down 58% Year To Date

Share via:


SUMMARY

Ola Electric’s shares were trading in the red for the fifth consecutive session, hitting a fresh all-time low on the BSE

The company’s market capitalisation stood at INR 15,931.92 Cr (about $1.7 Bn)

The stock has been under pressure due to the company’s eroding market share in the electric two-wheeler segment, after-sales service concerns, and continuing losses

Shares of EV major Ola Electric extended their downward trend and were locked in at the 5% lower circuit at INR 36.12 on the BSE today.

The stock was…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

Popular

More Like this

Ola Electric Crashes Another 5%, Down 58% Year To Date


SUMMARY

Ola Electric’s shares were trading in the red for the fifth consecutive session, hitting a fresh all-time low on the BSE

The company’s market capitalisation stood at INR 15,931.92 Cr (about $1.7 Bn)

The stock has been under pressure due to the company’s eroding market share in the electric two-wheeler segment, after-sales service concerns, and continuing losses

Shares of EV major Ola Electric extended their downward trend and were locked in at the 5% lower circuit at INR 36.12 on the BSE today.

The stock was…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

Website Upgradation is going on for any glitch kindly connect at office@startupnews.fyi

More like this

AI won’t steal jobs, ours is last generation to...

Tech giant Microsoft's India and South Asia President...

tvOS 26.2 now available for Apple TV 4K, here’s...

Apple’s latest lineup of software updates has arrived,...

Today’s NYT Strands Hints, Answer and Help for Dec....

Looking for the most recent Strands answer? Click here for...

Popular