India, Oct. 10 -- This electric vehicle company has fallen sharply from its all-time high as competition, weak financial performance, and continued cash burn weighed on the stock. The company is now focusing on improving volumes, expanding its product portfolio and scaling battery manufacturing to support its turnaround.

With a market capitalisation of Rs. 16,254 cr, the shares of Ola Electric Mobility Ltd closed at Rs. 35.12 per share, up from its previous close of Rs. 34.50 per share. The stock made a high of Rs. 158 per share in Aug 2024, trading at a discount of 78% from that level.

The stock has gone through a major de-rating Ola Electric's sharp correction from its all-time high reflects a significant reset in investor expectation...