Ola Electric Shares Fall To Lowest

New Delhi: Facing a barrage of hardware and software complaints related to its flagship electric scooter amid inflated valuation, there is no respite for Ola Electric’s share which lost nearly 8 per cent in five trading sessions this week – touching its lowest at Rs 101 apiece on Friday during the intra-day trade. The Bhavish Aggarwal-run Ola Electric’s stock plummeted closed at Rs 102.18 on Friday, as market analysts once again advised investors to wait for a more stable entry point.Overall, the stock of the EV firm has nosedived net 35 per cent from its all-time high of Rs 157.40 on August 20.Rajesh Sinha from financial services firm Bonanza told IANS that post its initial public offering (IPO), the stock of Ola Electric Mobility has shown volatility due to challenges the company faces as well as rising competition, concerns of a potential EV slowdown and service-related issues.