Ola Electric shares have experienced a 40% surge in the past month, driven by supportive government policies, improved operational efficiency, and overall sector optimism. The company’s eligibility for Production Linked Incentive scheme and enhanced gross margins have boosted investor confidence. However, technical indicators present a mixed outlook, with analysts suggesting potential short-term corrections despite the positive trend.
Positive Breakout: These 11 stocks cross above their 200 DMAs
In the NSE list of stocks with a market cap over Rs 1000 crore, 11 stocks’ close prices crossed above their 200 DMA (Daily Moving