Ola Electric shares extended their decline for a third consecutive session on Tuesday, falling more than 0.8% to close at ₹42.05 on the National Stock Exchange.
The stock opened at ₹42.41, slightly below Monday's close of ₹42.39, before sliding further during the day.
The cumulative drop over the past three trading days now exceeds 5%, reflecting persistent investor caution.
The cumulative drop over the past three trading days now exceeds 5%, reflecting persistent investor caution.
The selling pressure follows renewed legal challenges from the company's supply chain.
Two component suppliers have filed insolvency petitions against an Ola Electric subsidiary, alleging unpaid dues.
These claims, lodged with the National Company Law Tribunal, have intensified scrutiny on the EV maker's working capital management and supplier relationships.