Ola Electric jumps 9% to Rs 38.09 ahead of Q4 board meet, eyes cell supply deal
Stock rallied 9% to Rs 38.09 before the rescheduled May 20 Q4 board meeting. Q3 loss narrowed to Rs 487 cr even as revenue slid 55% to Rs 470 cr. Talks underway to supply cells from the 6 GWh Krishnagiri gigafactory operated by Ola Cell Technologies.
Ola Electric shares jumped 9% to Rs 38.09 ahead of rescheduled Q4 board meeting on May 20. Q3 net loss narrowed to Rs 487 cr; revenue fell 55% to Rs 470 cr. Company in talks to supply cells from Krishnagiri gigafactory.