From the month of September 2024, the stock market started declining, after which the shares of many companies started breaking up. Especially there was a big decline in shares from smallcap to midcap. Alam is that so far shares of many companies have not been able to reach their all -time high level. One of these shares is Ola Electric.
In the year 2024, the IPO of Ola Electric came on 2 August and it was listed on 9 August. After the listing, this stock started giving profit every day and on seeing this, this stock reached its all time high. On 20 August 2024, this stock was at Rs 157, its all -time high level, which was once a list of Rs 75 on NSE. Now it is Alam that it has broken 72% from its all time high.
Share breaks 6 percent
During the trading on Tuesday, Ola Electric’s stock fell 6 per cent to Rs 43. Because the company sold 0.8% equity or about 44 lakh shares at Rs 44.10 per share in the block deal. Due to which the company’s stock touched the lowest level so far. In another block deal this month, the company sold 14.22 crore shares worth Rs 731 crore. Hyundai Motors has sold his share in this deal.
Ola Electric’s Share performance
Ola Electric’s stock has fallen by 18.26 percent during a month. This stock has fallen 55 percent in six months. Apart from this, in 3 months the stock has made a loss of 24 percent. It would not be wrong to say that whoever bought Ola shares will be in harm. Whether it is not allotted during the IPO?
Will the fast come back?
7 analysts have launched their coverage on Ola Electric, out of which 2 have given the rating of the Stand Sale, one by the sale rating and 1 has given a boy rating. Apart from this, one has advised to hold Stand by rating and 2. Some experts also say that the company’s market share, sale and profit have declined. In such a situation, till the earnings are not correct, it is less likely to reach back on all time high.
(Note- The information mentioned by the experts here is their own views. Aaj Tak. In Aaj Tak.The does not take its responsibility. Before any investment, take help of the financial advisor.)