Ola Electric shares fall 7% on profit booking after 40% three-day rally

Shares of Ola Electric Mobility fell as much as 7% on Monday, hitting an intraday low of Rs 37.96, as investors booked profits after a sharp 40% rally over the previous three sessions.The stock’s rally prior to this correction was driven by a series of positive developments and strong operational momentum.Ola Electric recently made key progress by getting its in-house LFP battery ready for production, which could lower EV costs and boost adoption. It also secured PLI certification for a key mode...