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Ola Electric Shares Lose Two-Thirds of Value From 52-Week Highs
March 11, 2025
|The New Indian Express Kochi
OLA ELECTRIC MOBILITY is witnessing a decline in its share price, losing two-thirds of its value since its peak in August 2024.
The stock, which hit an all-time high of Rs 157.53 on August 20, 2024, is now trading at Rs 53.80, reflecting a steep discount of 66%. This sharp decline is attributed to a combination of factors, including falling sales, accumulating losses, and regulatory hurdles. On Monday, shares of the electric two-wheeler manufacturer fell nearly 5% following reports of store raids, vehicle seizures and the shutdown of showrooms. This drop mirrors a similar decline the company experienced recently when it laid off nearly 1,000 employees as part of cost-opt
هذه القصة من طبعة March 11, 2025 من The New Indian Express Kochi.
اشترك في Magzter GOLD للوصول إلى آلاف القصص المتميزة المنسقة، وأكثر من 9000 مجلة وصحيفة.
هل أنت مشترك بالفعل؟ تسجيل الدخول
المزيد من القصص من The New Indian Express Kochi
The New Indian Express Kochi
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