Ola Electric shares can crash up to 35%, warns Emkay after seeing Q4 results
- Posted on May 21, 2026
- By Business News Today
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- 1 min read
Ola Electric shares can crash up to 35%, warns Emkay after seeing Q4 results
Shares of Ola Electric fell sharply on Thursday on after a weak Q4 show, with brokerage Emkay Global maintaining a Sell rating and raising its target to Rs 25, implying over 35% downside. Revenue dropped 57% YoY and volumes slumped, while competition from rivals like Ather and TVS mounts, clouding near-term recovery prospects.
