Ola Electric's shares gain on reports of layoff over 500 employees

Quick Summary:

The company aims to expand its network to 2,000 stores, including co-located service infrastructure, by March 2025.

At 10:05 AM; the shares of the company were trading 0.83 per cent higher at Rs 67.80 a piece.

However, on a sequential basis, the company’s loss widened from Rs 347 crore recorded in the preceding June quarter.

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Category: BusinessFinance

Markets: India

Topics: Buzzing stocks Ola Electric news Ola Electric share price Ola Electric shares Ola Electric Stock market Ola Electric share price today Sensex Ola Electric share price

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

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Article Type: News Report

Published On: 2024-11-22 @ 10:16:29 (3 days ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 417 words

Reading Time: 3 minutes read

Sentences: 22 lines

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Copyright Owner: © Business Standard

News ID: 23754326

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