Ola Electric shares drop 64% from IPO price
after close1 source ↓written by the desknot a recommendation
- over the past
- 64% decline
- of ₹76
- 50% of its IPO price
- over the same
- 17%
Ola Electric shares fell to a lifetime low of ₹36.12, marking a 64% decline over the past year and now trading at 50% of its IPO price of ₹76. The stock has dropped 13% in the last five sessions amid strong sector performance in Nifty Auto, which gained 17% over the same period. Analysts caution that the downward trend may continue.
Not investment advice. For informational purposes only.