Ola Electric shares surging after listing thanks to liquidity, not fundamentals: Deven Choksey

Deven Choksey highlighted that investor interest in Ola Electric rose post-IPO due to fund managers' liquidity, despite initial IPO struggles. He pointed out that Ola needs to address its profitability issues, with significant losses per vehicle. He also advised cautious profit booking in overvalued stocks and anticipated valuation adjustments in mid and small-sized companies.