Ola Electric shares extended their downward spiral on Friday, sliding over 6% to hit an all-time low of ₹373.10. The fall was triggered by a large block deal on the NSE, where nearly 28.6 lakh shares worth around ₹107 crore exchanged hands. While the identities remain unconfirmed, the trade is believed to be linked to pre-IPO investors exiting after the mandatory lock-in period expired.
This latest dip means the stock is now down more than 35% from its IPO issue price of ₹650, adding to investor concerns about valuations and long-term visibility. The company entered the markets with high expectations as India’s leading EV two-wheeler player, but the excitement has faded as financials continue to disappoint.
Ola is still in the early stages of building out its EV ecosystem from scooters and charging infrastructure to battery innovation but the market appears to be growing impatient. Without strong revenue growth or a clear path to profitability, it is getting harder for investors to justify premium valuations.
Analysts remain divided. Some believe the correction is healthy and may offer long-term entry points as the company matures. Others are wary of more selling pressure if early investors continue to exit. The next few quarters will be crucial. Investors will be watching closely for delivery volumes, margin trends, and any updates on factory or battery expansion plans. For now, though, Ola Electric continues to face a rough ride on the bourses.
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