India, Jan. 20 -- EV major Ola Electric's shares continued to slide for the 10th trading session today, plunging over 8% to INR 32.79 on the BSE during the intraday trading.

At 13:42 IST, the shares were trading 7.94% lower at INR 32.94. At the time, the company's market capitalisation stood at INR 14,489.58 Cr (about $1.7 Bn).

With this, the stock is on track to end in the red for the 10th consecutive session. It has crashed over 56% in the past 12 months.

While a number of factors like high losses, regulatory troubles and intense competition resulted in the decline in share prices over the past year, the primary reason for the selling pressure today was a fresh top deck reshuffle.

The company informed the bourses yesterday that its ...