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Ola Electric Mobility Ltd., the electric vehicle pioneer, made a its debut on the stock market, listing at its issue price of Rs. 76 per share. This flat performance, coupled with a mere 4.45 times subscription, underscores the challenges the company faces in gaining investor confidence.While Ola Electric's vision for the EV market is ambitious, the company's current financial performance, marked by consistent losses, and the highly competitive landscape have tempered investor enthusiasm. The negative grey market sentiment prior to listing further reflected these concerns.The flat listing highlights the need for Ola Electric to demonstrate a clear path to profitability and navigate the complexities of the EV market effectively. Investors are suggested to exit and book a minor profit, but those who want to take risks may hold their position by keeping a stop loss below 70.
Ola Electric Mobility Ltd., the electric vehicle pioneer, made a its debut on the stock market, listing at its issue price of Rs. 76 per share. This flat performance, coupled with a mere 4.45 times subscription, underscores the challenges the company faces in gaining investor confidence.While Ola Electric's vision for the EV market is ambitious, the company's current financial performance, marked by consistent losses, and the highly competitive landscape have tempered investor enthusiasm. The negative grey market sentiment prior to listing further reflected these concerns.The flat listing highlights the need for Ola Electric to demonstrate a clear path to profitability and navigate the complexities of the EV market effectively. Investors are suggested to exit and book a minor profit, but those who want to take risks may hold their position by keeping a stop loss below 70.
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The sharp rebound in US markets yesterday indicates that the recession fears were a bit overdone. The latest initial jobless claims came lower than expected indicating that the labour market is not loosening as many sceptics feared. However, it is important to understand that the US economy is slowing down, and along with the struggling Chinese economy, it can pull down global growth in the near term.Indian valuations continue to remain elevated and, therefore, there is no room for sustained rally in the market. Tech stocks are likely to stage a recovery today drawing inspiration from the positive US cues.
The sharp rebound in US markets yesterday indicates that the recession fears were a bit overdone. The latest initial jobless claims came lower than expected indicating that the labour market is not loosening as many sceptics feared. However, it is important to understand that the US economy is slowing down, and along with the struggling Chinese economy, it can pull down global growth in the near term.Indian valuations continue to remain elevated and, therefore, there is no room for sustained rally in the market. Tech stocks are likely to stage a recovery today drawing inspiration from the positive US cues.
Posted by
Able
on
- Get link
- Other Apps