The honeymoon period is over for Ola Electric, the fast-growing Indian electric motorcycle company, as its stock continues its downtrend. Ola Electric’s share price has erased most of the gains made after its initial public offering in 2024.

Shares of Ola Electric tumbled nearly 5% to INR 75.81 apiece on the NSE during the intraday trading today, slipping below its listing price of INR 76 apiece

The fall in Ola Electric share price came after the markets regulator Securities and Exchange Board of India (Sebi) issued an administrative warning letter over disclosure violations

Ola Electric recently revealed its expansion plans with new showrooms through social media posts which irked the regulator.

Ola Electric shares fell 4.8 per cent to hit a low of Rs 75.36 on BSE. The stock is down 18 per cent in the past one month.

Ola Electric Mobility shares fell 3.8% after SEBI issued a warning for violating disclosure norms. The warning was given due to early announcement of a planned store network expansion. The Karnataka High Court also granted Ola an extension to respond to CCPA.

India's markets regulator has sent a warning letter to Ola Electric for sharing information on social media before disclosing it to investors, adding to a long line of troubles for the electric two-wheeler maker.

Ola Electric Mobility Ltd. was warned by India’s markets regulator against posting company updates on social media before disseminating information to its investors.

New Delhi, Jan. 8 -- ola electric | ola electric shares | ola electric stocks | ola electric news Shares of Ola Electric slumped more than 3% in early trade on Wednesday after getting a warning from the markets regulator.