Feb 27 • 08:28 UTC 🇮🇳 India Aaj Tak (Hindi)

From 157 to 25 Rupees... This Notable Stock Has Plummeted 84%, Once Doubled Investments!

Ola Electric's stock has seen a drastic decline from its peak, losing 84% of its value after an initial surge post-IPO.

Ola Electric, a key player in the electric scooter industry, witnessed a staggering decline in its stock price from a record high of 157 rupees to just 25 rupees. Initially, after its IPO, the company generated considerable investor interest, with stock prices almost doubling. However, the momentum was short-lived, and investors now face significant losses as the market cap drastically shrinks.

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