Archive · 21 Jan 2026
Ola Electric Shares Drop 7% After CFO Resignation
Ola Electric, a company that makes electric vehicles, saw its shares drop by more than 7% on Tuesday.
This happened after the company announced that its Chief Financial Officer, Harish Abichandani, was leaving.
The company also said that Deepak Rastogi would be the new CFO starting from January 20, 2026.
The stock has been falling for 10 days in a row, and experts say this shows that people are not very confident in the company right now.
The stock price fell to Rs 32.92, and the company's total value in the market is Rs 14,736.58 crore.
This is not the first time Ola Electric has seen top leaders leave recently.
Ola Electric's shares dropped 7.86% following CFO Harish Abichandani's resignation.
Deepak Rastogi appointed as new CFO, effective January 20, 2026.
Stock price fell to Rs 32.92, marking the biggest intra-day drop since December 16, 2025.
Shares have been falling for 10 consecutive sessions, with a total decline of nearly 25%.
Increased trading volumes observed, indicating strong selling pressure and weak buying interest.
- Who
- Ola Electric Mobility Limited
- What
- Shares dropped 7.86% following CFO resignation and new appointment
- When
- January 20, 2026 (effective date for new CFO)
- Where
- Mumbai, India
- Why
- Market reaction to leadership changes and broader market dip
- Company
- Ola Electric Mobility Limited
- CFO Resigned
- Harish Abichandani
- New CFO
- Deepak Rastogi
- Effective Date
- January 20, 2026
- Stock Price Drop
- 7.86%
- Market Capitalization
- Rs 14,736.58 crore
- Trading Volume
- 1.3 times 30-day average
- Recent Management Exits
- Head of cell operations, Chief Marketing Officer, Chief Technology Officer