EVsInc42about 2 hours ago
Goldman Sachs Downgrades Ola Electric
2 min read
Goldman Sachs downgraded Ola Electric to Sell, slashing the price target to ₹23 and cutting top line growth projections by up to 10% for FY27-29. The stock crashed 7.6% to ₹29.87 on October 23 after the rights issue opened. Founder Bhavish Aggarwal pledged a 4.32% stake to fund the ₹1,000 Cr rights issue aimed at reducing debt.
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