However, the company has clarified that Bhavesh Agarwal has sold this stake to repay the loan of about Rs 260 crore taken out by him.

This stock is ruining investors, losing 32% in 6 months and 70% in 1 year, and now owners are selling their stake.

Ola Electric Share: The sharp decline in Ola Electric's shares over the past year has deepened investor concerns. On Thursday, the company's stock fell nearly 4 percent to a 52-week low, taking its total year-to-date loss to nearly 70 percent. The biggest shakeout amid this underperformance came when the company's promoter and founder, Bhavesh Agarwal, sold a portion of his stake in the open market.

According to reports, they have sold shares worth over ₹200 crore in the past two days. At a time when the company is already under pressure, news of the promoter's stake reduction has further dented market confidence, and investors are viewing it as a negative signal for the company's future.

Ola Electric stocks underperform

However, the company clarified that Bhavesh Agarwal sold this stake to repay his debt of approximately ₹260 crore and that it will not impact Ola Electric's business or long-term strategy. The company also clarified that Bhavesh Agarwal will retain approximately 34 percent stake after the stake sale.

Despite this, questions are being raised in the market that when the company is continuously running in losses, the expected growth is not visible in the electric two-wheeler segment, and competition is continuously increasing, at such a time, the promoter selling the shares weakens the confidence of the investors.

The company said it will not make any difference.

The reality is that Ola Electric's stock has consistently underperformed. The stock has fallen nearly 25 percent in the past month, nearly 50 percent in three months, and nearly 70 percent in a year. Challenges such as slowing demand in the electric vehicle market, rising costs, persistent losses, and the lack of a clear timeline for profitability have put the company under pressure.

Investors are now seeking clarity on the company's future strategy, funding needs, and plans to reach profitability. Overall, while the promoter stake sale is being cited as a way to repay personal debt, amid weak stock performance, this move appears to be further fueling uncertainty and apprehension in the market.