OLA Electric Shares Plunge 80% from Highs, 7th Straight Day of Decline

• Ola Electric shares have fallen for seven consecutive days, dropping 80% from their post-listing high and over 50% from the IPO price.
• The company's market capitalization has decreased to below ₹15,000 crore from over ₹65,000 crore.
• Ola Electric began mass deliveries of 4,680 Bharat Cell-powered vehicles, claiming improved range, performance, and security.
• The company lowered its fiscal year earnings outlook to ₹3,000–₹3,200 crore and set an auto business margin target of around 5%.
• Analyst ratings for Ola Electric are mixed, with 3 'Buy', 1 'Hold', and 4 'Sell' recommendations.

Why It Matters: OLA Electric's stock crash signals significant financial challenges for investors.