New Delhi, April 13 -- Shares of Ola Electric Mobility fell sharply on Monday, April 13, declining around 8% amid profit booking, with weakness in the broader Indian equity markets further weighing on sentiment.

The stock dropped as much as 7.7% to hit an intraday low of Rs.37.75 on the BSE. The decline comes after a sharp rally, with the stock gaining 61% so far in April. However, it remains under pressure over a longer horizon, slipping more than 3% over the past three months and falling 25% over the last one year.

The stock has corrected 47% from its 52-week high of Rs.71.24 touched in September 2025, while it had hit a 52-week low of Rs.21.21 in March 2026.

Weak broader market cues also contributed to the decline. Benchmark indices...