Mumbai:
After a strong rally of over 50 per cent in the month of April, shares of Ola Electric tumbled over 7 per cent on Monday, April 13, 2206. The correction in the stock comes despite some positive news for electric vehicle manufacturers following Delhi’s draft EV policy. The stock opened gap down with a fall of 3.4 per cent at Rs 39.51 against the previous close of Rs 40.90 on the BSE. Amid profit booking, the stock dipped further to touch a low of 39.75, representing a 7.09 per cent dip from the previous close.ย Last seen, the stock was trading at Rs 38.32 with a drop of Rs 2.58 or 6.31 per cent. The market cap of the company stood at Rs 16,902.30 crore.
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