Ola Electric Stock Fall: There has been a huge decline in the shares of electric two wheeler manufacturing company Ola Electric in the stock market for the last few days. The share price has fallen by 78 percent from its peak so far.

Due to the fall in company shares, domestic investors as well as foreign investors have suffered huge losses. Global investors include SoftBank-owned SVF II Ostrich (DE) LLC and Temasek Holdings-linked MacRitchie Investments. The question arising in the minds of investors is whether to hold the shares or sell them?

Company’s condition on BSE

A slight rise was seen in the company’s shares at the end of the trading day on Tuesday, December 23 on BSE. Company shares closed at Rs 34.76 with a rise of 0.26 percent or Rs 0.09. Company shares started the day at Rs 34.60.

Investors have suffered huge losses.

The sharp fall in the shares has given a big blow to the investors of Ola Electric. The company’s shares have fallen by about 78 percent from their highest level. Due to which the total wealth of investors has decreased by about Rs 7,956 crore.

SoftBank has suffered a loss of 32 percent so far. SoftBank has suffered a loss of about Rs 1,083 crore on the cost of its investment. Similarly, MacRitchie Investments has also suffered huge losses.

Advice for retail investors

According to a report published in Navbharat Times, Kranti Bathini, Director-Equity Strategy, Wealth Mills Securities, has advised investors to adopt a wait and watch strategy. He believes that after such a huge loss, this is not the right time to exit the stock.

As for Kranti, investors should wait for a few more quarters. He also advised that investors who can take more risk can make contra bets.

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.)

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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.)

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