Ola Electric Shares Fall Below IPO Price

Ola Electric's share price fell by 9% on Tuesday, bringing the company's market value below ₹19,000 crore.

This drop comes after a three-day increase in the stock price.

The company's shares are now trading much lower than their highest price after the initial public offering (IPO) and below the IPO price itself.

Despite this, Ola Electric registered more vehicles in December, showing a rise in market share.

However, the company has lowered its expected revenue for the year, which has made investors worried.

Experts believe the stock will likely stay between ₹38 and ₹47 in the near future.