Ola Electric Shares Decline Amid Downgrades and Operational Challenges

Ola Electric shares have fallen sharply from their peak, trading around Rs 25 despite a slight intraday rise. Major brokerages including Goldman Sachs, Citi, and Emkay Global have downgraded the stock and cut target prices, citing challenges such as declining revenue, market share losses, regulatory issues, and ongoing cash burn. Analysts highlight the need for improved leadership, product reliability, and a stable servicing network to reverse the company's current trajectory amid intense competition and regulatory scrutiny.