Ola Electric shares hit record low, down over 50% from IPO price

Business Dec 04, 2025

Ola Electric's stock just hit an all-time low, closing at ₹36.12—down more than 52% from its ₹76 IPO price.
That's five days of losses in a row, a big shift from the post-IPO high when shares soared to ₹157.4.

What does the company do?

Ola Electric makes electric scooters and has been a big name in India's EV scene.
But things aren't looking great lately: sales fell nearly 50% in November 2024 to just 7,567 units, dropping Ola to fifth place with only a 7.2% market share.

Other details

The company reported a net loss of ₹418 crore for Q3 FY26 and revenue is down 43% year-on-year to ₹690 crore.
Still, some analysts see hope—Emkay Global has kept its 'Buy' rating on the stock with a target price of ₹65, hinting there could be room for recovery if things turn around.