New Delhi, Nov. 11 -- Electric two-wheeler Ola Electric Mobility's shares have come under renewed selling pressure in recent weeks, wiping out much of the gains from their recent peak.

The enthusiasm among shareholders, which had briefly brightened after the September rally, has proved short-lived as the stock slips back into its earlier bearish trajectory, reminding investors that the road to sustained gains may still be a bumpy one.

After reaching a 52-week high of Rs.71.25 apiece in early September, the shares slipped into a selling phase, with the decline deepening further following the release of the company's September-quarter results.

In today's session (November 11) as well, the stock slid another 3% to Rs.42 apiece, the lowest...