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.
RR Kabel shares jump 10% as Q1 PAT surges 129% YoY, Ebitda doubles
RR Kabel reported a strong June-quarter performance, with profit after tax surging 129% year-on-year and Ebitda nearly doubling, driven by robust growth in its Wires