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Mumbai: Ola Electric Mobility’s shares have plunged nearly 80 per cent from their post-listing peak, slipping into a deeper slump as the stock continues to fall for the seventh straight session.

Heavy selling, weak guidance and technical breakdowns have pushed the stock far below its IPO price, raising fresh concerns among investors.

The stock has also dropped more than 50 per cent from its IPO price of Rs 76 per share.

At the closing bell, the shares were down by Rs 1.09 or 3.07 per cent at Rs 34.41. During intra-day trade, the shares of Ola Electric Mobility Limited dropped 4 per cent and extended their losing streak to seven consecutive trading sessions.

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