Ola Electric shares fall 9% as suppliers file insolvency petitions
after close1 source ↓written by the desknot a recommendation
- over three days
- 9%
- drop on Tuesday
- 2.35%
- cap is approximately
- ₹19,638 cr
Shares of Ola Electric Mobility have declined nearly 9% over three days, with a 2.35% drop on Tuesday to ₹41.39 amid insolvency petitions from two suppliers against its subsidiary. The stock's market cap is approximately ₹19,638 cr. After a recent rally, this downturn raises concerns about cash flow and operational stability.
Not investment advice. For informational purposes only.