Ola Electric shares dip 5% after Goldman Sachs downgrades stock to Sell. Here’s why

October 23, 2026

Ola Electric shares fell sharply on Friday after Goldman Sachs downgraded the stock to Sell from Neutral and cut its target price to Rs 23, implying a 28% downside. The brokerage lowered its FY27-FY29 revenue estimates by up to 10%, citing prolonged operating losses and challenges in sustaining market share.

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