Ola Electric Shares: Ola Electric shares fall 6%, price drops below ₹44, stake worth ₹107 crore sold

Ola Electric Mobility Share Price: Ola Electric Mobility shares saw a huge drop today on 23 June. The company’s share price fell by 6% in early trade to below Rs 44. This decline has come after a major block deal in the company’s shares. According to the data available on NSE, 2.41 crore shares of the company were bought and sold in this block deal, which is equivalent to 0.55 per cent stake in the company. The total value of this deal was around Rs 107 crore.

This block deal was done at a price of Rs 44 per share, which was a discount of 4.5% compared to its previous day’s closing price of Rs 46.08. However, it has not been disclosed who were the buyers and sellers in this deal.

Around 10:50 am, Ola Electric shares were trading down 4.5% at Rs 43.99. During trading, its price fell to Rs 43.16 at one point, which is now its new 52-week low. So far this year, the company’s shares have fallen by about 49 percent.

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