Overview
- Shares fell to a fresh intraday low around INR 33.65–33.81 on December 8 and are down about 60% this year, extending a multi‑month decline.
- The company’s market value slipped below INR 15,000 crore with unusually heavy trading volumes, including more than 6 crore shares changing hands on Monday.
- Technical and market strategists flagged further downside risk, citing support near INR 30 and resistance around INR 40–42, with the stock viewed as suitable only for high‑risk investors.
- Ola began mass deliveries of scooters using its in‑house 4680 Bharat Cell, with the S1 Pro+ as the first model and the firm asserting control of both cell and battery pack manufacturing.
- Shareholders approved raising up to INR 1,500 crore to scale cell and BESS operations as Q2 FY26 net loss narrowed to INR 418 crore on a 43% year‑on‑year revenue drop to INR 690 crore, and the board saw an independent director replaced by Practo cofounder Navalur Dattatreya Singh Shashank.