Ola Electric Shares Plunge to New Low as Bhavish Aggarwal Sells More Stake

• Ola Electric shares fell 4.29% to Rs 31.49, hitting a new low after promoter Bhavish Aggarwal sold additional stake worth Rs 142 crore.
• Aggarwal offloaded 4.2 crore shares on Wednesday, following a 2.6 crore share sale the previous day, totaling Rs 234 crore to repay a Rs 260 crore promoter loan.
• The company clarified the stake sale is a one-time event to repay a loan, aiming to release pledged shares and remove stock overhang.
• Ola Electric shares are down 59% from their IPO price of Rs 76, with a 24% decline in the last month.
• For Q2 FY26, Ola Electric reported a narrower loss of Rs 418 crore and achieved Auto EBITDA profitability for the first time, despite a 43% YoY revenue drop.

Why It Matters: Ola Electric shares hit a new low as Bhavish Aggarwal sells stake to repay a loan, despite improved Q2 financials.