Ola Electric Share Tanks 4%

Mumbai: Shares of Ola Electric Mobility fell more than 4 per cent on Monday and slipped below the Rs 100 mark for the first time since its listing last month. During the intra-day trade, the Bhavish Aggarwal-run Ola Electric shares nosedived to Rs 97.84 apiece on the lower end and Rs 102.38 per share on the higher end.At 1:36 p.m., Ola Electric shares were at Rs 99.10, down 3 per cent. With this decline, the stock has now dropped about 36 per cent from its peak of Rs 157.4.Share of the electric two-wheeler maker has declined for ninth out of the last 11 trading sessions.This recent slump highlights a troubling trend for the company, which once experienced a significant surge following its IPO.