Ola Electric shares tumble 9% after 17% rally in 4 days. Why brokerages remain cautious
- Posted on September 25, 2026
- By Business News Today
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- 1 min read
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Ola Electric shares tumble 9% after 17% rally in 4 days. Why brokerages remain cautious
Ola Electric shares fell sharply on Friday, snapping a four-day winning streak as investors assessed the EV makers proposed rights issue and ongoing funding needs. Despite a recent recovery, the stock remains well below its peak. Brokerages including Citi and Kotak continue to maintain bearish views, citing operational and cash-burn concerns.
