Ola Share Price | There was a heated argument between Ola founder Bhavish Aggarwal and comedian Kunal Kamra on social media platform X on Sunday. Perhaps the impact of the controversy was felt on the company's shares today. Shares of Ola Electric fell more than 9 percent on Monday. Due to this decline, Ola's share price has fallen to Rs 90. (Ola Company Part)
43% decline in one and a half month
Ola's IPO was listed on 9 August. The IPO price was kept at Rs 76 per share. The shares were listed at the same price. However, the shares gained momentum and soon rose to Rs 157. Ola shares were at an all-time high on August 20. After that it started declining and now it has come down to around Rs 90. There has been a decline of 43 percent in one and a half months. On Tuesday (08 October 2024), the stock was trading at Rs 93.7, up 3.13%.
What was the dispute between Bhavish and Kamra?
On Sunday, there was a heated argument between the two regarding the service of Ola electric scooter. It all started with Kamra's post. In this he had posted the picture of Ola dealership. A large number of wet scooters were standing outside and gathering dust. Kamra's post did not stop here. Tagging Road Transport Minister Nitin Gadkari, he asked whether India would also use electric vehicles in a similar manner. He also included the Department of Consumer Affairs in his post and sought their opinion. Kamra invited people with wet electric problems in his post. Kamra had asked him to share it in his comments.
Bhavish said paid tweet
Bhavish also posted in response to Kamra's post. He accused Kamra of posting paid tweets. “He said, 'You care a lot, so come and help us! I'd rather get paid than this paid tweet or your failing comedy career.' Or sit back and focus on solving real customer problems,” he said. .
Users did not like Bhavish's answer
Many users did not like Kamra's post on Bhavish's wave. Many customers using Ola scooters also gave feedback on this. He criticized Bhavish's tone, calling him 'arrogant'. A customer had said that imagine a middle class person saving 3-4 months' salary to buy Ola. But within the first week, it starts to hurt. The scooter then remains at your service center for several days.
Users' reaction to the fall in shares
Users reacted to the fall in Ola shares on Monday. Social media influencer and YouTuber Akash Banerjee took to Instagram to target Bhavish. He wrote, “Injured? Pained? If you don't fix the problem of the broken Ola scooter, you will have a bigger flop than Kunal's show.”
What's the problem with e-scooters?
Many customers buying Ola e-scooters are facing many problems regarding these scooters. Customers are expressing anger against the company on social media. Customers say that the company is not paying attention to their complaints. The company has also recently started a festive sale. Under this sale, the company is offering an e-scooter priced at Rs 75,000 for Rs 50,000.
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