Economy
Ola Electric Shares Rally 16% Despite Recent Brokerage Downgrades
Livemint1h
THE BRIEF
1
Ola Electric shares rose 16.3% on Tuesday, marking the company’s largest single-day gain since April amidst high trading volumes.
2
Despite the rebound, the stock remains down 4% for the month following negative ratings from Goldman Sachs and HSBC regarding its long-term cash flow.
3
SoftBank's investment arm offloaded 3.58 crore rights entitlements, contributing to recent volatility ahead of the company's ₹1,000 crore rights issue.