Ola Electric shares fall 7% on profit booking after 40% three-day rally

April 13, 2026

Ola Electric shares dipped 7% as investors booked profits after a 40% rally. The stock’s surge was fueled by in-house battery progress, PLI certification, and a historic milestone of over 1 million cumulative registrations. However, concerns remain regarding profitability and weakening revenue trends.

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