Ola Electric Shares Plunge for 10th Day, Erasing January Gains; CFO Resigns

• Ola Electric Mobility shares dropped over 7.5% on Tuesday, marking the tenth consecutive day of losses.
• The stock has lost all gains made in early January, when it rose over 20% in the first three trading sessions.
• CFO Harish Abichandani resigned on Monday for personal reasons, effective immediately; Deepak Rastogi appointed as new CFO.
• The company is yet to disclose its shareholding pattern for Q3 FY24 and December-ended quarter results.
• Shares are trading near their all-time low of ₹30.76, down 78% from post-listing high and halved from IPO price.

Why It Matters: Ola Electric shares continue to fall, erasing early January gains amid CFO resignation and pending disclosures.