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Ola Electric breaks out as Q1 loss narrows, margins improve
short by / on Monday, 14 July, 2025
Ola Electric surged 15% after Q1 losses narrowed to ₹428 crore, with June marking its first auto EBITDA-positive month. Analysts cited cost cuts, strong Gen 3 sales, and a falling wedge breakout. Resistance lies at ₹44-48.10. Project Lakshya trimmed opex sharply, and new 4680 battery cells launched this Navratri. FY26 targets suggest a recovery is in motion.
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