Shares of Ola Electric Mobility remained under pressure after founder Bhavish Aggarwal pared nearly 2.2 percent stake in the company over the last three trading sessions, extending the stock’s prolonged downtrend on Dalal Street.
Following continued promoter selling, Ola Electric shares slipped to an all-time closing low of Rs 31.26, ending the session nearly 5 percent lower amid sharp rise in trading volumes, reflecting heightened investor caution.
Promoter Stake Sale Weighs on Sentiment
Market participants noted that persistent stake dilution by the promoter has acted as a significant overhang on the stock, especially at a time when investor confidence remains fragile. The sustained selling pressure has led to increased volatility and has amplified concerns around near-term outlook.
Stock Underperforming Broader Markets
Ola Electric has significantly underperformed benchmark indices, with the stock now trading well below its issue price. Analysts point out that weak operating metrics, loss of market share and continued selling by promoters have contributed to negative sentiment.
The sharp fall in the share price, coupled with higher volumes, suggests that investors are reassessing the company’s fundamentals amid intensifying competition in the electric two-wheeler segment.
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