Investors lose about Rs 40,000 crore as Ola Electric shares hit all-time low

As shares of Bhavish Aggarwal-led Ola Electric continue to slide, investors have been impacted heavily as approximately Rs 40,000 crore has been wiped out since the company stock’s peak valuation.

Once valued at Rs 66,000 crore after its initial surge post-listing, the company’s



market capitalisation has now shrunk to Rs 26,187.81 crore.

The stock, which made its debut at Rs 76 per share in August last year, has been under constant selling pressure and on Tuesday, it fell over 3 per cent to touch an all-time low of Rs 58.84 on the Bombay Stock Exchange (BSE).