Despite the strong stance of India’s economy, some of the key players in its market, like Ola, recently encountered a loud thud in the stock market after over 300 stocks in the BSE 500 continue to trade in deep red. Some brands plunged up to 70 percent, even. The S&P BSE 500 Index, or simply BSE 500, is a broad-based stock market index that represents the performance of the top 500 companies listed on the Bombay Stock Exchange in India.
The media are keeping a close eye on Ola’s slump in the stock market, after it experienced a 61.6 percent decline this year. They reported that the stock is currently trading at low levels, even lower than its all-time high in the past. There were also consolidated net losses.
What can be the reason for this? Business media also previously reported the recent selling of Ola Electric Mobility’s founder and CEO, Bhavish Aggarwal’s signifiant stake in the company, offloading over 2.6 crore shares in a bulk deal valued at around over $10 million. The shares were sold at a price of $0.39 each, according to disclosures made to the stock exchange.
Before the sale, Aggarwal was holding a substantial 30 percent stake in the electric two-wheeler manufacturer. After this transaction, his shareholding decreased to around 29 percent, equivalent to 129.8 crore shares.
That’s one reason. Another could be the anticipated entry of what critics say as the better choice for ridesharing, Bharat Taxi.
Even the shares of Aditya Birla Group’s fashion division is being hailed the worst performer on the index this year, slipping as much as 73 percent. Tejas Networks, which is involved in optical and broadband wiring, slipped around 62 percent in 2025. Will they ever be able to bounce back?
Other industries named as performing worst in the Indian stock market are SKF India, Praj Industries, KNR Constructions, Brainbees Solutions, Sterling and Wilson Renewable, Vedant Fashions, Cohance Lifesciences, and so much more.
Ridesharing media are noting that the general reasons for these bad news are persistent market volatility, sharp sectoral churn, and shifting investor preferences. For more ridesharing news, keep browsing this Ridesharing Forum website, or sign up for your account to join the discussion.