Ola Electric Stock Surges After 10-Day Decline; What's Driving the Recovery?
Share Market
C
CNBC Awaaz•21-01-2026, 11:52
Ola Electric Stock Surges After 10-Day Decline; What's Driving the Recovery?
- •Ola Electric Mobility's share price saw a 2% rise today, reaching ₹33.08, after 10 consecutive days of decline.
- •The surge is attributed to a short-term technical correction (Intraday Recovery) rather than company-specific news.
- •The stock had previously fallen by about 25% over 10 trading sessions, exacerbated by CFO Harish Abichandani's resignation.
- •Deepak Rastogi has been appointed as the new CFO following Abichandani's departure due to personal reasons.
- •Despite an early January surge, Ola Electric's shares have shown negative returns in four out of five full quarters since its August 2025 listing.
Why It Matters: Ola Electric's stock saw a technical rebound today after a significant 10-day decline and CFO resignation.
✦
More like this
Loading more articles...
