Ola Electric Shares Plummet 80% From Peak, Yet Retail Investors Keep Buying

• Ola Electric shares have fallen nearly 80% from their post-listing high and 54% from the IPO price of ₹76.
• The stock delivered negative returns in four out of five full quarters since its August 2024 listing, trading at record lows.
• Despite the sharp decline, total retail shareholders increased from 1.41 million (8% stake) in Sep 2024 to 1.91 million (17.3% stake) in Sep 2025.
• Promoter Bhavish Aggarwal sold 0.6% stake (₹92 crore) to repay a ₹260 crore loan and remove pledged share overhang.
• Domestic Mutual Funds increased their stake to 5.51% in Sep 2025 after four quarters of trimming, with Motilal Oswal Large and Midcap Fund and Mirae Asset Large & Midcap Fund being key holders.

Why It Matters: Ola Electric stock plunges, but retail investors and MFs show renewed interest despite promoter sale.