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Ola Electric Board to Discuss Fundraising Plans Amid Stock Performance Challenges

The e-scooter maker, whose shares remain below IPO levels, will consider issuing non-convertible debentures or other securities on May 22 to bolster its finances.

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Ola Electric shares in focus today on plan to raise funds

Overview

  • Ola Electric's board is set to meet on May 22, 2025, to approve a proposal for raising funds through private placement of non-convertible debentures or other instruments.
  • The company's stock closed at Rs 52.56 on May 19, 2025, up 0.82% from the previous close but remains below its IPO price of Rs 76 since January 2025.
  • Ola Electric's market capitalization currently stands at Rs 23,183 crore, with 42.42 lakh shares traded on the BSE, generating a turnover of Rs 22.61 crore.
  • Technical indicators show the stock is trading above its 5-day, 10-day, 20-day, and 50-day moving averages, but below the 100-day and 150-day averages, with an RSI of 56.5.
  • The company faces financial pressures from declining market share, regulatory scrutiny, and operational challenges in scaling its battery cell manufacturing project.