Ola Electric Slides As Promoter Selling Raises Fresh Red Flags | Know What Expert Says

Shares of Ola Electric continue to face intense pressure as promoter Bhavish Aggarwal offloads more stake for the second straight session. Nearly 4.19 crore shares, or 0.95%, were sold for ₹142 crore, taking the total stake sale to around 1.5% worth ₹234 crore. Promoter holding has now slipped to 36.78%. The stock has sunk to a fresh all-time low of ₹31.8, more than halving from its IPO price. Market experts say the sell-off reflects investor discomfort over Ola’s shrinking market share, rising competition, and lack of visible profitability. The Street is sending a clear message—growth alone isn’t enough; sustainable profits matter most, even for new-age businesses.