Ola Electric shares slip below Rs 100

The stock was down 2.59% at Rs 99.55 on the Bombay Stock Exchange (BSE)

Ola Electric Mobility Ltd shares dipped below the Rs 100 mark on Monday, falling 4.26% to a day-low of Rs 97.85.

The stock was down 2.59% at Rs 99.55 on the Bombay Stock Exchange (BSE), marking a sharp decline from its record high of Rs 157.53 on August 20, 2024.

Despite this recent drop, the stock is trading significantly higher compared to its initial public offering (IPO) price of Rs 76.