OEOla Electric Mobility544225Electric vehicles

Goldman Sachs downgraded Ola Electric to sell from neutral, cutting its target price to 23 rupees from 39 rupees

By ScoutQuest · Fri 23 Oct 2026, 8:59 AM IST · 1 min read

New target price

23 rupees per share

Previous target price

39 rupees per share

Revenue guidance cut

10 percent

Heard on business television between 09:06:30 - 09:09:30 IST.

• Goldman Sachs downgraded Ola Electric to a sell rating from neutral, citing unclear path to sustainable cash flow generation.
• Target price was cut to 23 rupees per share from 39 rupees earlier.
• The brokerage cited higher interest costs and capex needs for both the cell business and the electric two-wheeler business.
• Goldman flagged operating challenges in the battery cell business, which was also exiting, and cut FY27-29 revenue guidance by roughly 10%.
• The timing was noted as significant given the company's rights issue running from October 22 to October 30.

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