Shares of Ola Electric Mobility Ltd. are down another 4% on Monday, December 8, extending their losses for the seventh straight day.

The stock has gained in only five out of the last 25 trading sessions.

With this fall, the stock has declined nearly 80% from its post-listing high of ₹157, and is down more than 50% from its IPO price of ₹76 apiece.

As per the most recent VAHAN data, Ola Electric had a market share of 6.7% at the start of December.

The stock is also declining on significant volumes. Over 6 crore shares have been traded on the stock as of 2:10 PM, compared to its 20-day average of 1.6 crore shares.

Ola Electric Mobility's stock broke below its key moving averages at the start of November, and have remained below those averages since then.

As a result of this fall, Ola E

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