OLAELEC

share slides as expert flags weak fundamentals - Check target and stop loss

Ola Electric’s stock continued its downward slide, dropping to around Rs 31 apiece as market experts warned that the company’s weakening fundamentals and declining sales have left many investors deeply trapped. Kunal Parar of Choice Equity Broking said the absence of corrective action from the company’s management has added to uncertainty, advising shareholders to hold the stock with a strict stop‑loss and consider averaging only if it sustains above Rs 35. Parar said it is "hard to say by when the shares might trade in positive territory due to the very weak fundamentals of the company. The automaker is also suffering from routine complaints, for which there has been no disciplinary action."