Ola Electric Stock Fall: The trading day of Wednesday, December 3 in the Indian stock market was very bad for the shares of Ola Electric Mobility. The company’s shares closed trading in the red on both the major indices. The company’s shares had fallen by 5 percent on BSE.

The company’s shares had fallen by about 60 percent from their 52-week high level. Also, it has affected the market cap of the company. The market cap of the company has reached below Rs 17,000 crore.

Company’s condition in stock market

There was a huge fall in the shares of Ola Electric Mobility on Wednesday’s trading day. The company shares ended the day trading at Rs 38.02, down 5 per cent or Rs 2 on BSE. The company shares had reached a high level of Rs 40.40 during the trading day.

The low level of the day was Rs 38.02. Talking about the 52-week high level of the company share, it had touched the figure of 102.50. The condition of company shares on NSE was bad. The company shares ended the day trading at Rs 38.03, down 5.02 per cent or Rs 2.01.

Company shares fell more than 60 percent from 52 week high level

Shares of Ola Electric Mobility have fallen by more than 60 percent from their 52-week high level. On December 4, 2024, the company’s shares were at Rs 102.50. At the same time, on December 3, they closed at Rs 38.02. Talking about the figures, company shares have fallen by about 25 percent in the last one month. There is a decline of about 23 percent in the last 6 months.

Disclaimer: (The information provided here is being given for information only. It is important to mention here that investment in the market is subject to market risks. Always take expert advice before investing money as an investor. ABPLive.com never advises anyone to invest money here.)

Read also: Proper planning can increase returns on FD, know those tips which most people do not know