Market Performance: Ola Electric Share Price Stays Under Pressure
The stock market today saw continued weakness in Ola Electric share price, as the stock slipped another 5% in Tuesday’s session to ₹33.82.
This marked the 10th straight trading session of losses for the electric two-wheeler maker. Over this short stretch alone, the stock has shed nearly 22%, showing how persistent selling pressure has been.
The fall wasn’t sudden. It has been building gradually, day after day, as investors digested fresh developments and stayed cautious around the stock.
Main News: CFO Resignation Triggers Fresh Selling
The immediate trigger behind today’s fall was a top-level management change.
In an exchange filing, Ola Electric informed that:
- Harish Abichandani has resigned as Chief Financial Officer
- His resignation is effective from the close of January 19, 2026
- The reason cited was personal grounds
Leadership changes often make markets uncomfortable, especially when sentiment is already fragile. That discomfort clearly reflected in today’s price action.
Company Update: New CFO Appointment Announced
Alongside the resignation, the company also announced a new appointment.
The board approved:
- Deepak Rastogi as the new Chief Financial Officer
- He will also act as Key Managerial Personnel
- His appointment takes effect from January 20, 2026
Before joining Ola Electric, Rastogi served as Group Finance Chief at Puravankara, a listed real estate developer.
This move ensures continuity at the finance helm, even as the market processes the leadership transition.
Another Senior Exit in Recent Months
The CFO’s resignation isn’t an isolated development.
Back in December, Ola Electric saw another senior-level exit:
- Vishal Chaturvedi, Business Head – Cell
- Part of Senior Management Personnel
- He resigned citing personal commitments
Multiple senior departures within a short period tend to keep investor nerves on edge, especially when the stock is already in a downtrend.
Ola Electric Share Price: Fourth Straight Monthly Decline
Looking at the broader picture, the pressure on Ola Electric share price isn’t just about one day or one week.
Key trends this month include:
- Gains recorded only in the first three trading sessions
- Losses in all subsequent sessions
- Around 6% decline so far this month
This makes it the fourth consecutive month of losses for the stock.
Since its 2024 stock market debut, Ola Electric has largely remained under selling pressure, with only brief pauses in between.
Brief Bounce from Lows Failed to Hold
Earlier this month, the stock had attempted a short recovery.
- It rebounded from around ₹30, its all-time low
- This came after strong December sales data
- The bounce, however, failed to sustain
Selling returned quickly, pushing the stock back closer to its recent lows.
Sales and Market Share Data: What Supported the Bounce?
Despite the weak price trend, operational numbers in December showed improvement.
According to company data:
- 9,020 units were registered in December
- Market share rose to 9.3% from 7.2% in November 2025
- In the second half of December, market share climbed to nearly 12%
- Data sourced from VAHAN registrations
These numbers pointed to improving demand and stronger market presence, even though the stock failed to respond positively for long.
Bigger Picture: Steep Long-Term Correction
Zooming out further shows how deep the correction has been.
- Ola Electric shares are down 55% for the year
- From a record high of ₹146.38
- The stock has crashed nearly 77%
These numbers underline the scale of value erosion investors have seen since the peak.
Summary: What the Market Is Reacting To?
To sum it up, here’s what’s shaping the narrative around Ola Electric share price in the stock market today:
- 10 consecutive sessions of losses
- 5% fall in the latest session to ₹33.82
- CFO resignation effective January 19, 2026
- New CFO appointment announced immediately
- Fourth straight month of decline
- Strong December sales and market share gains
- Yet, a 77% crash from lifetime highs
For now, the stock’s story remains one of pressure, caution, and close tracking of both management moves and operational progress.
Source: Livemint
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