Ola Electric, Mobikwik shares fall sharply amid stock market’s bear run

As Dalal Street struggles to cope with a bear hug, new-age stocks such as Mobikwik and Ola Electric have suffered a significant loss of value. Meanwhile, IT stocks continue to be laggards due to the uncertainty triggered by factors in the US.

Mobikwik

Shares of One MobiKwik Systems, the parent company of digital payments provider MobiKwik, sank as much as 15% in early trade on Monday, hitting a fresh 52-week low of Rs 231.05. This is due to the expiration of a three-month lock-in period on nearly 46 lakh shares, or 6% of the company’s outstanding…