Ola shares to Ola shares: Ola shares less at all times .. Rs 40,000 crore for investors

Ola electric stocks under the leadership of Bhavish Aggarwal continue to fall. Investors were severely affected by wiping around Rs 40,000 crore. The market capitalization of the company has now increased to Rs 26,187.81 crore after the listing.

Stock, which made his debut at Rs 76 per share in August last year, is facing a constant sale pressure. At the Bombay Stock Exchange (BSE) on Tuesday, it fell more than 3 % to Rs 58.84.

Stock has fallen due to increase in losses, fall in income, service related issues, and the collapse of Indian stock markets on the other hand. Last week, the electric company reported that its integrated net loss has increased by 50 percent. This Q3 FY25 has increased from Rs 376 crore to Rs 564 crore.

The management revenue of the company also fell 19 percent to Rs 1,045 crore to Rs 1,296 crore. The company said that this trimester in stock exchange filing caused the loss due to high competitive intensity and service challenges in this quarter. However, the company stated that the electric mobility aggregator has been solved and the electric to -wheeler is focusing on increasing its appearance in the market.

The company’s market share in electric to -wheelers was reduced by 20 percent in December last year. The exchange filing on 7 February was a strong performance due to the sale of the festive in October. However, the company said that the total quarter was weak due to high competitive intensity and service challenges.

The Central Consumer Protection Authority (CCPA) has issued a show-issue notice on misleading statements and unjust commercial methods. Ola has sought several clarifications from Ola Electric about the ongoing investigation.

However, Ola expanded its store network. It is said that issues related to service have been resolved.