Ola Electric Shares Rebound: Founder Agrawal Sells Stake, Clears Debt

• Ola Electric shares rebounded 4.6% after founder Bhavish Agrawal sold 0.6% stake (₹92 crore).
• Agrawal sold shares to unpledge ₹260 crore worth of personal holdings, becoming debt-free.
• Promoter stake remains above 34%; no negative impact expected on company operations or strategy.
• Stock has fallen significantly (59.10% YTD, 64.04% in 12 months); RSI at 42.35 indicates weak trend.
• Analysts' 12-month target price is ₹45.88, suggesting a 32.5% upside.

Why It Matters: Ola Electric shares rebound as founder Agrawal clears personal debt, company outlook stable.