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VERIFIEDET Stocks·negative
Ola Electric shares can crash up to 35%, warns Emkay after seeing Q4 results
AI Summary
- ·Emkay Global maintains a Sell rating on Ola Electric shares with a target of Rs 25, indicating a potential 35% downside.
- ·Ola Electric's revenue saw a 57% year-on-year drop in Q4, accompanied by a slump in volumes.
- ·Increased competition from Ather and TVS is impacting Ola Electric's near-term recovery prospects.