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There is continuous pressure on the shares of Ola Electric Mobility, a giant in the electric vehicle (EV) segment in the Indian stock market. The company’s shares fell by more than 4 percent during the trading session on Tuesday. Meanwhile, leading global brokerage firm ‘HSBC’ has issued a very cautious report regarding the stock of Ola Electric. The brokerage has maintained its ‘Reduce’ rating on the stock and has maintained its ‘Reduce’ rating on the stock. Target price of ₹24 Have decided.
This target price represents a potential huge downside of about 37 per cent from the previous trading day’s closing price (₹37.86). The brokerage firm believes that on the company’s business front, there has been some progress in battery manufacturing and localization, but risks related to brand revival and maintaining its strategic position in the market still remain.
According to the research report of HSBC, there is improvement in the speed of battery manufacturing and localization in Ola Electric’s Giga Factory. The brokerage estimates that the battery production capacity will be better utilized in the coming 6 to 9 months and its yield may increase from the current around 70 percent to around 90 percent.
Additionally, the company is increasing automation in various parts of its business and attempting to take control of operations, which may help achieve management’s goal of improving margins. However, despite these positive aspects, the brokerage clarified that restoring brand credibility and effectively implementing operations remain the key watchpoints for investors.
Meanwhile, Ola Electric in the coming week 5th October has called an important board meeting, which is subject to in-principle approval from the stock exchanges and other regulatory authorities.
By issuing partially paid up equity shares in this upcoming board meeting. Raise capital up to ₹1,000 crore Various terms and conditions of the proposed Rights Issue will be considered in detail. In these, all important decisions related to the price of rights issue, method of payment, ratio of getting rights, record date and time of issue will be taken.
If we look at the data of Bloomberg analysts, out of total 8 major analysts covering Ola Electric 6 ‘Sell’ While only 2 analysts ‘Hold’ Have advised. The matter of relief is that no brokerage or analyst has given ‘Buy’ rating on the stock at this time. Analysts’ 12-month average target price is around ₹29.14, which is well below the stock’s current trading level.
During trading on Tuesday, Ola Electric’s shares slipped to an intraday low of ₹36.30, although later it saw some recovery. So far in the year 2026, this stock is trading with a slight rise, but if we look at the data of the last one year, investors have suffered a huge loss of about 30 percent. Before making any new investment, definitely consult your financial advisor.