Goldman Sachs Ola Electric Downgrade: Why stock rating changed to sell; 23% downside seen - New target price, rationale

Goldman Sachs downgraded Ola Electric to Sell and cut its price target to ₹23 from ₹39.28, citing weak cash flow, funding needs, high interest costs and operational challenges. It expects prolonged losses and tougher competition to hinder the company’s recovery.