Ola Electric has faced a sharp decline in the stock market, losing more than 12% in just two sessions. On September 5, 2025, the stock was trading at around ₹59.90, down 7.13%.
This steep correction comes right after the stock had enjoyed a strong rally of 48% in the previous month.
SoftBank Sells Nearly 95 Million Shares
One of the major reasons for the fall is SoftBank’s decision to offload shares. According to exchange filings, SoftBank — the second-largest shareholder in Ola Electric — reduced its stake from 17.83% to 15.68% by selling about 94.9 million shares between July 15 and September 2, 2025.
Since the stake sale crossed the 2% mandatory disclosure threshold, it was reported publicly.
Market Impact
- On September 5, the stock dropped 6% intraday, touching a low of ₹60.70.
- In two trading sessions, the overall decline was 12%.
- Reports also show the stock has seen 8–14% fluctuations during this correction.
SoftBank Still a Key Shareholder
Even after this sale, SoftBank continues to be one of the biggest investors in Ola Electric, holding a 15.68% stake. Founder Bhavish Aggarwal remains the largest shareholder with about 30.02% ownership as of June 2025.
Ola Electric’s Stock Performance
- September 2025: Despite the fall, the stock is still up 16% this month.
- 2025 YTD: The stock has dropped 29% year-to-date.
- 1-Year Performance: Down 42% in the last 12 months.
- 52-Week Range: High of ₹123.90 (Sep 2024) and a low of ₹39.58 (July 2025).
Outlook
Market analysts warn that Ola Electric’s stock could remain volatile in the near term due to heavy institutional selling and ongoing investor sentiment shifts.
Key Takeaways
- Ola Electric shares down 12% in 2 days.
- SoftBank sold 2.15% stake (94.9M shares).
- SoftBank now holds 15.68%, second only to founder Bhavish Aggarwal.
- Stock volatile but still up in September.