Ola Electric’s share price has tumbled sharply, turning big paper gains for investors like SoftBank and Temasek into massive notional losses.
When the stock hit its all‑time high of Rs 157.4, SoftBank’s SVF II Ostrich fund held a 14.7% stake worth about Rs 10,203 crore. At the current price of roughly Rs 34.7, that stake is now worth only around Rs 2,247 crore – a loss of nearly Rs 7,956 crore, or about 78%.
Temasek‑backed MacRitchie Investments owned 4.47 crore shares, valued at Rs 703 crore at the peak and just Rs 155 crore now, also reflecting a 78% paper loss.
The shares were listed flat on August 9, 2024, jumped 20% on the first day, and peaked at Rs 157.4 on August 20. Since then, the price fell to a low of Rs 30.76, before a modest rebound after promoter Bhavish Aggarwal sold a small block of shares to repay a loan.
Kranthi Bathini, a market strategist, says it may be better to watch the stock rather than sell immediately. He notes that heavy pessimism could create buying opportunities for those willing to take risk, similar to the turnaround seen in Paytm’s stock.
Remember, this is perspective, not a prediction. Do your own research before making any investment decisions.
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