Ola Electric Stock Fall: The trading day of Wednesday, December 3 in the Indian stock market was very bad for the shares of Ola Electric Mobility. The company’s shares closed trading in the red on both the major indexes. The company’s shares had fallen by 5 percent on BSE.
The company’s shares had fallen by about 60 percent from their 52-week high level. Also, it has affected the market cap of the company. The market cap of the company has reached below Rs 17,000 crore.
Company’s condition in stock market
There was a huge fall in the shares of Ola Electric Mobility on Wednesday’s trading day. The company shares ended the day trading at Rs 38.02, down 5 per cent or Rs 2 on BSE. The company shares had reached a high level of Rs 40.40 during the trading day.
The low level of the day was Rs 38.02. Talking about the 52-week high level of the company share, it had touched the figure of 102.50. The condition of company shares on NSE was bad. The company shares ended the day trading at Rs 38.03, down 5.02 per cent or Rs 2.01.
Company shares fell more than 60 percent from 52 week high level
Shares of Ola Electric Mobility have fallen by more than 60 percent from their 52-week high level. On December 4, 2024, the company’s shares were at Rs 102.50. At the same time, on December 3, they closed at Rs 38.02. Talking about the figures, company shares have fallen by about 25 percent in the last one month. There is a decline of about 23 percent in the last 6 months.
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