Shares of Ola Electric extended their downward spiral on Tuesday, plunging over 8% during intraday trade, as investors continued to pare exposure to the electric vehicle (EV) maker amid persistent concerns over its financial health and near-term growth outlook. The sharp fall marks yet another bruising session for the company since its much-anticipated market debut, underlining the widening gap between early optimism around India’s EV story and the ground realities of execution and profitability.
The stock opened weak and slipped further as selling pressure intensified through the day, dragging Ola Electric’s market capitalisation down sharply. Market participants attributed the decline to
...
