Ola Electric shares fall 7% after doubling investor wealth in 7 sessions

Shares of Ola Electric fell as much as 7.4% after they doubled investor wealth in just seven sessions on Tuesday. The shares had opened 5.4% higher and had risen as much as 7.9% to hit a record high of ₹157.53, doubling from their listing price of ₹75.99. They later fell to ₹135.19/share, eroding over ₹6,000 crore from the startups' m-cap.