Ola Electric Shares Slide 5% to Record Low, Fall Extends for Fifth Straight Session

Shares of plunged about 5 % to hit an all-time low of ₹36.12, extending the downtrend to a fifth consecutive session. The stock has now more than halved from its IPO price and dipped sharply this month. Persistent weak sales, growing competition and performance concerns have dampened investor sentiment and triggered selling pressure.