What Is Driving the Sharp Fall in Ola Electric Shares Today?
Shares of Ola Electric witnessed another sharp sell-off on Tuesday, January 20, plunging nearly 8% intraday to ₹33, as the electric two-wheeler maker extended its losing run to 10 consecutive trading sessions.
The continued drop comes after the company’s Chief Financial Officer, Harish Abichandan, resigned, an event that fueled additional worries from investors regarding the stock’s poor pricing and its continued downtrend.
Over the last ten sessions alone, Ola Electric shares have declined by almost 25%, making it one of the weakest-performing EV stocks in the current market phase.
Why Did the CFO Resignation Trigger Fresh Selling Pressure?
In an exchange filing, Ola Electric confirmed that its Board had noted the resignation of Harish Abichandani, effective from the close of business on January 19, 2026. The outgoing CFO cited personal reasons for stepping down.
While the company simultaneously announced the appointment of Deepak Rastogi as the new CFO—effective January 20, 2026—the market reaction remained negative. Rastogi previously served as the Group Finance Chief at Puravankara, bringing experience but not immediate reassurance to investors focused on price trends rather than management transitions.
Market reactions tend to be muted when top executives leave an organization, especially when a company’s stock price is already declining, as such changes add to (rather than lessen) ambiguity.
How Severe Is Ola Electric’s Stock Damage in Numbers?
The recent decline is not limited to a single session. The stock has been under persistent pressure for months.
| Metric | Data |
| Latest intraday fall | ~8% |
| Current price | ~₹33 |
| Consecutive losing sessions | 10 |
| Loss over last 10 sessions | ~25% |
| Monthly decline (January) | ~6% |
| Consecutive monthly losses | 4 |
| Year-to-date decline | ~55% |
| Fall from record high | ~77% (from ₹146.38) |
Despite brief rebounds, the broader trend remains decisively bearish.
What Does the Monthly and Long-Term Trend Say About the Stock?
Barring gains in the first three trading sessions of the year, Ola Electric shares have declined in every other session in January, marking the fourth straight monthly loss for the EV maker.
Since its stock market debut in 2024, the stock has struggled to sustain upward momentum. Although it rebounded briefly from its all-time low near ₹30 earlier this month after reporting strong December sales data, the recovery failed to hold.
This indicates that fundamental positives are currently being overshadowed by technical weakness and investor risk aversion.
How Strong Are Ola Electric’s Sales and Market Share Numbers?
Interestingly, the stock’s fall contrasts with improving operational metrics.
In December, Ola Electric registered 9,020 units, lifting its market share to 9.3%, up from 7.2% in November 2025. According to VAHAN data, the company’s market share in the second half of December 2025 rose to nearly 12%, signalling a clear pickup in demand.
However, the market has so far chosen to prioritise price structure and trend clarity over short-term sales momentum.
Can Ola Electric Shares Fall Below ₹30?
According to technical analyst Anshul Jain, Head of Research at Lakshmishree, the stock’s recent rebound lacked conviction.
Jain noted that Ola Electric retested its prior all-time low near ₹39, bounced briefly toward ₹45, but quickly ran into heavy supply. Sellers regained control, confirming that the rebound was corrective rather than a trend reversal.
He cautioned that the stock is now drifting back toward its recent all-time low near ₹30.76. A sustained break below this level could expose a downside target near ₹24, where the next demand zone is expected.
Until the price structure stabilises, Jain advised treating any interim bounce as a sell-on-rise opportunity, with the overall risk-reward skewed to the downside.
Why This Move Is a Live Lesson for Traders and Investors
Ola Electric’s decline highlights a recurring market truth:
strong headlines do not always translate into strong stock performance.
Though market share and sales are improving, stocks with weak trends continue to punish emotional or knee-jerk behavior. Professional trading is about structure, momentum and risk control, not news.
How Traders Can Learn to Handle Such High-Volatility Stocks
Sudden management exits, sharp price drops, and failed rebounds are precisely the situations where market education matters most.
At ICFM India, traders are trained to read trend strength, demand–supply zones, and institutional behaviour, helping them avoid chasing falling stocks or entering trades without confirmation.
Instead of reacting to fear-driven headlines, learners understand when to stay out, when to wait, and when risk truly becomes favourable.
Final Takeaway: What Ola Electric’s Slide Signals to the Market
Ola Electric’s ongoing decline is not just about one resignation or one weak session. It reflects persistent bearish structure, fragile sentiment, and elevated uncertainty.
Until the stock shows clear signs of stabilisation, caution remains the dominant strategy.
FAQs: Ola Electric Share Crash & Market Outlook
Why are Ola Electric shares falling sharply today?
Shares of Ola Electric are falling today due to continued selling pressure following the resignation of its Chief Financial Officer and a weak technical price structure. The stock has extended its decline to the tenth straight session, indicating persistent bearish sentiment rather than a one-day reaction.
Why did the resignation of Ola Electric’s CFO impact the stock price?
The resignation of a CFO creates uncertainty around financial strategy, capital planning, and cost control. When such leadership exits occur during an existing downtrend, markets tend to react more aggressively, as investors prefer stability during volatile phases.
How much have Ola Electric shares fallen in the last few sessions?
Ola Electric shares have fallen nearly 25% over the last 10 trading sessions. On a longer timeframe, the stock is down around 55% for the year and has corrected almost 77% from its record high of ₹146.38, reflecting sustained weakness.
Can Ola Electric shares fall below ₹30?
Market analysts believe that if Ola Electric shares break and sustain below the ₹30–31 zone, further downside cannot be ruled out. Technical projections indicate that a failure to hold this support could open the door toward ₹24, where the next demand area is expected.
Is the current fall a correction or a long-term downtrend?
The current move is part of a broader downtrend, not just a short-term correction. The stock continues to form lower highs and lower lows across daily and weekly charts, suggesting that selling pressure remains dominant until clear stabilisation appears.
Did Ola Electric appoint a new CFO after the resignation?
Yes. Ola Electric has appointed Deepak Rastogi as its new CFO, effective January 20, 2026. He was previously the Group Finance Chief at Puravankara. However, markets typically wait for price confirmation rather than reacting immediately to management changes.
Why is Ola Electric stock falling despite improving sales numbers?
Although Ola Electric reported 9,020 unit registrations in December and an increase in market share to 9.3%, stock prices often prioritise trend strength and investor confidence over short-term operational improvements. In weak market structures, fundamentals take time to reflect in price.
Is Ola Electric a risky stock for short-term traders right now?
Yes, the stock remains high-risk for short-term traders due to elevated volatility and a lack of trend reversal signals. Professional traders usually avoid aggressive buying until demand strength and price stability become visible on charts.
What should long-term investors do at current levels?
Long-term investors typically wait for trend confirmation, base formation, and improved market sentiment before considering exposure. Catching falling stocks without confirmation can lead to prolonged drawdowns.
How can traders avoid losses in such falling stocks?
Traders can reduce risk by focusing on trend analysis, support–resistance levels, position sizing, and stop-loss discipline. Reacting emotionally to news headlines without a structured plan often leads to avoidable losses.
Why do stocks continue falling even after “positive” news?
Markets are forward-looking. If selling pressure remains strong, even positive developments may fail to support prices. This usually indicates that larger participants are still exiting positions, keeping the trend under pressure.
How can beginners learn to analyse such market moves properly?
Learning technical analysis, market psychology, and risk management helps traders understand when to stay out of weak stocks and when probability shifts in their favour. Structured education plays a key role in building this discipline.
