Ola Electric’s shares hit a record low of ₹27.36 on NSE after weak Q3 results and a strategic shift to energy storage. The stock has fallen over 64% from its IPO price of ₹76 and its market capitalisation has dropped from ₹69,000 crore to ₹12,280 crore. Citi and Emkay Global downgraded the stock to ‘Sell’ and Kotak Securities warned of a deeper crisis ahead.