The stock surged 61% in April on the back of improved sales figures in March and positive business updates, however, a broader market downtrend is adding pressure to the rally
While Nifty 50 fell over 2% to a low of 23,555.6 during the intraday trading today, BSE Sensex fell 2.16% to a low of 75,868.32
Rival Ather Energy surged nearly 10% today as it announced a reduction in the use of aluminum for its vehicles, which has become expensive in recent weeks owing to supply chain disruptions
After the recent rally, EV…

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