Ola Electric trades near 52-week low
Shares were seen trading around Rs34.17, down nearly 1%. The stock has fallen more than 19% over past one month and has corrected around 41% in last three months
Ola Electric trades near 52-week low
Shares of Ola Electric Mobility Limited were trading close to their 52-week low on Wednesday after founder and promoter Bhavish Aggarwal sold a large chunk of his shares through a bulk deal earlier this week. The sale has added further pressure on the stock, which has already been under selling pressure for the past few weeks.
In early trade, Ola Electric shares were seen trading around Rs 34.17, down nearly 1 per cent. The stock has fallen more than 19 per cent over the past one month and has corrected around 41 per cent in the last three months. It is now hovering close to its 52-week low of Rs 33, according to the official data.
According to an exchange filing, Bhavish Aggarwal sold around 2.6 crore shares as part of a one-time monetisation of a small portion of his personal holding in the company.
