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Ola Electric's stock dropped 80% from its peak amid weak guidance and heavy selling, hitting a record low of Rs 33.65.
Ola Electric's stock plunged nearly 80% from its peak, hitting a record low of Rs 33.65, as heavy selling, weak financial guidance, and technical breakdowns fueled investor concern.
Despite launching mass deliveries of its S1 Pro+ model with a homegrown 4680 Bharat Cell battery, the company's market cap fell below ₹15,000 crore, and its revised revenue forecast of ₹3,000–3,200 crore lags behind earlier projections.
The stock, down over 50% from its ₹76 IPO price, has declined for seven straight days, with trading volume surging and analysts warning of further drops toward Rs 30.
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Las acciones de Ola Electric cayeron un 80% desde su pico en medio de una orientación débil y fuertes ventas, alcanzando un mínimo histórico de Rs 33,65.