Ola Electric shares drop 9% amid insolvency petitions
pre-market1 source ↓written by the desknot a recommendation
- on Tuesday
- 2.35% drop
- have lost
- 4% in the past month
- Year-to-date gain
- 13%
- Previous week gain
- 11%
Shares of Ola Electric Mobility have declined nearly 9% over three days, with a 2.35% drop on Tuesday to ₹41.39. This follows two suppliers filing insolvency petitions against its subsidiary for unpaid dues. Despite a recent rally due to a new EV policy, shares have lost over 4% in the past month.
• Market cap: ₹19,638 cr
• Year-to-date gain: 13%
• Previous week gain: 11%
Not investment advice. For informational purposes only.