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Friday, October 23, 2026Updated 10:29 UTC

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

Source: Economic Times · Oct 23, 2026 04:11 UTC

Trading floor of the New York Stock Exchange with banks of monitors — File photo Carol M. Highsmith / Library of Congress · Public domain · Source

The Quick Take

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.

Read the full story at Economic Times

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