Ambit sees 11.5% downside in Ola Electric Mobility as stock falls 28% from peak, reiterates ‘sell’ call—key reasons why
Ola Electric's stock has faced challenges post its August debut, dropping over 28 percent from its peak. Ambit initiated a 'sell' rating, citing competition and financial losses as key concerns. Despite growth prospects, market share is expected to decline, raising investor apprehensions.
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