
Exide Industries' shares have experienced a significant decline following the announcement of their Q2 FY25 results, which fell below market expectations. The company's stock slipped 2.8% and closed with a cut of 3% due to weak car demand and lower-than-expected Q2 sales, hitting a five-month low. Analysts from Nomura and Citi have maintained their 'Buy' ratings on Exide, with target prices of Rs 589 and Rs 540, respectively, though Citi has revised its target down from Rs 600. Meanwhile, Ola Electric's shares have also faced a steep decline, dropping over 8% in a day and falling below their IPO price after the end of a three-month lock-in period. The stock is down 52.7% from its all-time high in August 2024 and is now trading below its listing price of ₹76/share.






Ola Electric Share: EV stock cracks below IPO price; down 113% from 52-week high https://t.co/UKEIGZtZAt
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#MarketAlert | Ola Electric ➡️Down over 8% so far in a day ➡️Stock down 52.7% from its all-time high of ₹157.4/share in Aug-2024 ➡️Stock even below price on the day of listing of ₹76/share, down ~2% vs listing price #OlaElectric #StockMarket https://t.co/1jKbKJtbCl