Ola Electric Shares Rebound with a 10% Surge After 52-Week Low

Ola Electric shares surged 10% in early trade on March 18, rebounding after hitting a 52-week low the previous day.

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The stock reached an intraday high of ₹51.63 per share on the NSE.

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The rally followed a 7% drop on Monday, triggered by insolvency proceedings initiated by Rosmerta Digital Services Ltd against Ola Electric Technologies Pvt Ltd.

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Ola Electric strongly disputes the claims and is seeking legal advice.

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espite the recovery, the company faces challenges due to ongoing legal issues.

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Broader market optimism, including cooling inflation in India and the US, contributed to the positive sentiment.

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The electric vehicle segment continues to attract investor scrutiny, with Ola Electric being a key player.

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