Ola Electric shares plunged 78%, investors suffered heavy losses, experts told whether to hold or sell?:

News Topical, Digital Desk : Ola Electric Stock Fall: Shares of electric two-wheeler manufacturer Ola Electric have been experiencing a significant decline in the stock market over the past few days. The share price has fallen by 78 percent from its peak. The decline in the company's shares has resulted in significant losses for both domestic and foreign investors. Global investors include SoftBank-owned SVF II Ostrich (DE) LLC and Temasek Holdings-affiliated MacRitchie Investments. Investors are wondering whether to hold the stock or sell it.

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Company status on BSE

The company's shares closed slightly higher on the BSE at the close of trading on Tuesday, December 23. Shares rose 0.26 percent, or ₹0.09, to close at ₹34.76. The company's shares had opened the day at ₹34.60.

Investors have suffered huge losses.

The sharp decline in the stock has dealt a significant blow to Ola Electric investors. The company's shares have fallen by approximately 78% from their peak levels, resulting in a loss of approximately ₹7,956 crore in investor wealth.

SoftBank has suffered a 32% loss so far. SoftBank has lost approximately ₹1,083 crore over the cost of its investment. Similarly, MacRitchie Investments has also suffered significant losses.

Advice for retail investors

According to a report in the Navbharat Times, Kranthi Bathini, Director of Equity Strategy at Wealth Mills Securities, advised investors to adopt a wait-and-see approach. He believes that after such significant losses, this is not the right time to exit the stock. Kranti advised investors to wait for a few more quarters, and advised investors with a higher risk appetite to take on contrarian bets.