Ola Electric Shares Fall 80% from Highs, Mutual Funds Increase Stake

Ola Electric shares have corrected 80% from their highs and 54% from IPO, but Domestic Mutual Funds increased their stake during the September quarter.

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Ola Electric Shares Fall 80% from Highs, Mutual Funds Increase Stake

Ola Electric Shares Fall 80% from Highs, Mutual Funds Increase Stake
Ola Electric's shares have been in a consistent decline since its listing, falling nearly 80% from its post-listing high of ₹157. The stock has also dropped 54% from its IPO price of ₹76 per share, showing negative returns in four out of the five quarters since listing. However, despite the stock's poor performance, India’s Domestic Mutual Funds raised their stake in the company during the September quarter.