Despite the recent rebound, Ola Electric’s longer-term performance has remained weak. The stock is still down 75% from its peak of Rs 157, which it touched during the post-listing frenzy after debuting at an issue price of Rs 76 in 2024. In less than two years since listing, the stock now trades below Rs 40, nearly 50% below its issue price, highlighting the extent of the correction.
In sharp cont...