Shares of Ola Electric Mobility dropped over 4% to an intraday low of Rs 105.15 on Monday, coinciding with the conclusion of the company’s one-month shareholder lock-in period. This marks exactly one month since Ola Electric's debut on the stock exchanges.
Stock Performance: After doubling from its IPO price of Rs 76, Ola Electric's shares have entered a corrective phase, now down 30% from their peak of Rs 157.4.