Ola Electric Shares Hit Record Low Amid Reports of Store Closures
Shares of Ola Electric Mobility Ltd. plunged to fresh record lows in February 2026, slipping near the ₹27‑₹28 mark on Indian stock exchanges after weak quarterly results and reports of major structural changes. Investors were rattled as the electric two‑wheeler maker revealed plans to sharply cut its physical store network to roughly 550 outlets by March 2026, a stark reversal from earlier expansion efforts.
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