The share price of Ola Electric Mobility slipped to a new low today, December 18, extending their losing streak and keeping the stock firmly in the spotlight. The electric two-wheeler maker has seen sustained selling pressure this year.
So what is driving this steep fall, and why has the stock struggled so much this year? Here are the three key factors shaping the recent slide.
Ola Electric: Continued selling pressure pushes the stock to new lows
Ola Electric’s shares opened lower and slipped further as selling pressure intensified in early trade. From the previous close of Rs 32.92, the stock fell over 4.5% intraday to hit its lowest level in a year. The electric two-wheeler maker’s shares fell to Rs 31.41, hitting a fresh 52-week low today.
This move adds to a prolonged downtrend. Over the past five trading sessions, the stock has fallen around 11%. The decline deepens to nearly 22% over the last one month. On a year-on-year basis, the stock is down about 66%, and so far in 2025 alone, it has delivered a negative return of roughly 62%.
Ola Electric: Promoter share sale adds to near-term uncertainty
Investor sentiment was also influenced by fresh disclosures around promoter share sales. Bhavish Aggarwal, the founder, chairman and managing director of Ola Electric Mobility, sold another tranche of shares worth around Rs 142 crore through open market transactions.
According to bulk deal data from the National Stock Exchange, Aggarwal sold about 4.19 crore equity shares at an average price of Rs 33.96 per share. The buyers were not disclosed. While the company clarified that this was part of a “one-time, limited monetisation” of a small portion of the promoter’s personal stake, such transactions often raise short-term concerns among investors about supply and near-term stock performance.
Ola Electric: Pledge release plan offers clarity, but sentiment remains weak
The company has stated that the promoter share sale is aimed at fully repaying a promoter-level loan of Rs 260 crore and releasing all pledged shares. The transaction involves monetising a small part of the promoter holding along with other personal income sources.
Once completed, this process will result in the release of about 3.93% of previously pledged shares, effectively making the founder-promoter debt-free at the personal level.