Ola Electric Shares Decline Nearly 40% in Three Months, Erasing Rs 9,000 Crore in Market Value
Ola Electric Correction
Ola Electric is currently facing significant bearish pressure, with shares plunging nearly **40%** over the last three months. This sharp correction has resulted in the erosion of approximately **Rs 9,000 crore** in market capitalization, dragging the stock close to its all-time lows.
The decline comes despite the company successfully expanding its market share in recent periods. Investor sentiment appears to be decoupled from operational metrics, driven instead by a combination of macro and company-specific headwinds.
Internal stability has become a focal point following the resignation of several senior management executives. These exits have coincided with a broader market downtrend, intensifying the negative outlook.
Institutional selling is further accelerating the price drop. Strategic investors are reducing their exposure, with **SoftBank** notably trimming its significant stake in the electric vehicle manufacturer.