India's Ola Electric drops as analysts wary on growth, margins

Ola Electric Mobility

21/05/2026 05:00

** Shares of Ola Electric OLAE.NS drop nearly 4% to 35.52 rupees

** HSBC ("reduce", cuts PT to 33 rupees from 45 rupees) analysts say OLAE has lost its "first-mover advantage" due to delays and faces margin pressure

** Emkay Global ("sell", PT 25 rupees) says while Q4 margins improved, they are not sustainable as co faces pricing pressure, rising competition and execution challenges

** Avg rating of eight analysts on OLAE at "sell"; median PT is 28 rupees - LSEG-compiled data

** Electric scooter maker reports lower Q4 revenue; profit rises on sharp cost control

** YTD, stock down 2%

(Reporting by Kashish Tandon in Bengaluru)

((Kashish.tandon@thomsonreuters.com))