fell another 4.5% to ₹31.4, taking its three-day slide to 16% and leaving the stock down about 63% in 2025 from a peak valuation north of ₹69,000 crore to roughly ₹14,500 crore now. The latest leg of selling coincides with founder-CEO Bhavish Aggarwal offloading about 6.8 million shares over two sessions, raising roughly ₹233 crore through bulk deals. Aggarwal has framed the sale as a one-time, limited monetisation to fully repay a ₹260 crore promoter-level loan and eliminate all share pledges, arguing that this removes overhang risk and is being done purely at his personal level. While that does improve the capital structure at the promoter end, the optics of sizeable founder selling so soon after listing, against a backdrop of a sliding stock, are inevitably being read as a confidence check by public investors. With the stock now making fresh lows, the market’s verdict is clear: in the near term, governance optics, execution risks in a capital-intensive EV business and the hangover of a stretched IPO-era valuation are outweighing the de-pledging narrative. For any durable rerating, Ola Electric will need to shift the conversation from promoter transactions to operating metrics—market share, profitability, cash burn and product differentiation—rather than hoping sentiment alone will rescue the stock. Source: Money Control No Recommendations

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