Ola Electric posts a Q1 loss of Rs 428 crore, a 23% increase from last year, as revenue slumps 50%, but the company nears ...

Ola Electric's shares spiked on the bourses even as the electric two-wheeler maker posted a nearly 50% fall in its June quarter revenue.

Guggenheim analyst Ronald Jewsikow cut his Rivian rating to Hold from Buy. He also dropped his price target of $16.