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

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

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

The warning states that Ola Electric announced its expansion plans on social media before it was brought to the attention of the stock exchanges.

The Securities and Exchange Board of India (SEBI) has issued an administrative warning to Ola Electric Mobility for violating disclosure norms. The company received the letter on January 7, according to its communication with the exchanges.

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 announced its e-scooter expansion plans first on social media instead of announcing it on the stock exchanges.

India's markets regulator has warned Ola Electric against sharing company-related information on social media before disclosing it to investors, adding to a slew of problems 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.