Those who invested 100 rupees in Ola Electric shares are left with only 14, will all their money be lost?
The sharp fall in Ola Electric shares has caused panic among investors. From a record high of 157 rupees, the stock has now fallen to just 24 rupees.
Ola Electric Share Crash: Sometimes fortunes change in the stock market in a flash, and sometimes hard-earned money is wiped out in a moment. Something similar is happening to Ola Electric investors these days. The stock, which had filled people with hope with its impressive entry, has now become a nightmare for ordinary investors. From its highest level of Rs 157 (O The stock has plunged nearly 86% from its all-time high and is now trading around ₹21.
On Monday, it suffered a massive 16% drop. Continuously increasing losses and the rapid closure of showrooms across the country have shattered investor confidence and eroded earnings.
16% Crash in a Single Day
Monday's trading session brought significant disappointment for Ola. The stock plummeted 16% from its previous closing price of ₹25.22 to a record low of ₹21.21. However, it recovered by market close and closed at ₹24. Following this decline, the company's total market cap has shrunk to just ₹10,568 crore. This decline of 26% in a month and 58% in a year comes at a time when the BSE Sensex has delivered a positive return of 9% during the same period. After listing on August 9, 2024, at an issue price of ₹76, the stock reached a peak of ₹157.53 on August 20. Now, that rise has turned into a steep decline.
Questions raised about financial health
A company's stock is bolstered by its strong balance sheet, and this is where Ola Electric appears to be lagging. The third quarter (Q3FY26) figures were enough to shatter investor confidence. The company generated revenue of ₹470 crore, but its net loss was ₹487 crore. This means the company incurred losses that exceeded its earnings.
Attractive offers did not work
To address falling sales and waning morale, the company recently launched a community program called 'Ola Insiders'. The aim was to bring back customers. Under this, several attractive offers were offered, including discounts of up to ₹50,000 on the new Generation-3 S1 scooter or Roadster motorcycle, benefits of up to ₹20,000 on the purchase of a second vehicle, and cashback through referrals. However, even these initiatives failed to inspire confidence among investors and the market.
Only stores will remain from 4,000 showrooms
Due to lack of sales, Ola is rapidly shrinking its retail network. At one point, Ola had nearly 4,000 offline outlets across the country. By December 2025, this figure had dropped to 700, and now reports indicate that only 550 stores will remain by the end of March. Along with store closures, reports of employee layoffs are also continuously emerging.
