Ola Electric Shares Tumble Over 40% From September Highs

Imagine a company that makes electric scooters called Ola Electric.

Its stock price went up for a bit in September but has now dropped a lot, more than 40% from its highest point.

Some experts think it might fall even more, maybe to around ₹30 per share, if it can't stay above a certain price.

The company also told investors that it expects to sell fewer scooters this year than it thought before, and its total income will be less than planned.

This is happening because other companies are making more electric scooters, and people might be buying fewer.

To deal with this, Ola Electric is focusing more on making sure its business is profitable rather than just selling as many scooters as possible.

They are also starting to sell battery storage systems, not just scooters.