The shares of Ola Electric Mobility fell over 9% in Tuesday's trade, hitting an all-time low of Rs 73.70 apiece on the BSE. This is lower than its issue price of Rs 76 per share. The stock has plummeted 53.22% from its record high of Rs 157.53 on August 20, 2024. The shares of Ola Electric Mobility have surged nearly 2% to Rs 77.84 apiece from the price band of Rs 72 to Rs 76.
Notably, the three-month lock-in period for the company's share expired today. This means that approximately 182 million shares of the company, which were previously locked, can now be sold. These 182 million constitute into 4% of the total equity. Shareholders face a 3-month restriction on selling or transferring shares, and this is called share lock-in period.
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It is worth noting that Ola Electric, led by Bhavish Aggarwal, faces heightened regulatory scrutiny over consumer complaint handling. The company's shares plummeted 21.54% in the past month and 4.14% over the last two weeks.
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How Ola Electric Shares Performed Today?
- Ola Electric Mobility has a market capitalisation of Rs 32,741.59 crore.
- The company's share were closed at Rs 80.60 apiece on Monday.
- Ola Electric Mobility's shares opened at Rs 80.04 on Tuesday.
- The company's share hit the day's high at Rs 80.38 apiece.
- The company's share hit the day's low at Rs 73.70 per share.
- 52-week high for company's share is Rs 157.53 per share.
- 52-week low for Ola Electric Mobility's is Rs 73.70 apiece.
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