Ola Electric Mobility shares decline after two senior executives resign

Ola Electric Mobility shares fell 2% on December 30 after the resignation of two senior executives, Chief Marketing Officer Anshul Khandelwal and Chief Technology Officer Suvonil Chatterjee. Their departures, effective December 27, were attributed to personal reasons. This leadership change follows several recent exits, including the company's former Chief Technology Officer and compliance officer. Despite these changes, Ola Electric announced plans to expand its store count to 4,000 and launched new features for its MoveOS 5 beta version. Ola Electric's stock has dropped 7% over the past month, currently trading at ₹86.45. Analysts remain mixed, with five out of seven maintaining a "buy" rating, while one firm set a price target of ₹90.