start up OLA destined to bankrupt??

[paaparao]

Founder Bhavish sells 2.6 crore shares worth Rs 92 crore today.

Few months ago Hyundai exited OLA by selling their shares worth 550crore at share price of ₹50.70, making a loss.

Then Kia exited OLA selling their shares at ₹50.50

Then softbank sold their shares.

And now Bhaish sold at ₹34.99

he sold this to get funds to fund another AI start up krutrim. 

[Konebhar6]

1 hour ago, paaparao said:

Founder Bhavish sells 2.6 crore shares worth Rs 92 crore today.

Few months ago Hyundai exited OLA by selling their shares worth 550crore at share price of ₹50.70, making a loss.

Then Kia exited OLA selling their shares at ₹50.50

Then softbank sold their shares.

And now Bhaish sold at ₹34.99

he sold this to get funds to fund another AI start up krutrim. 

Looks like that based on information you provided ... 

Retail are idiots looking for Value in the stock thinking its available for cheap .. They always become bakras and should be based on their knowledge