Ola Electric Mobility Stock Crash: This stock fell 55% in 1 year to reach an all-time low, earnings fell badly in Q3:Brokerage house Emkay Global Financial Services downgraded OLA Electric to 'Sell' after Q3 results and reduced the target price from ₹50 to ₹20.

News Topical, Digital Desk : Ola Electric Mobility shares continued their downward trend. On Wednesday, the stock slipped 2.4% to its lowest level ever at ₹26.84 on the BSE.

At 9:42 a.m., the stock was trading down 2.11% at ₹26.94. In comparison, the BSE Sensex was down just 0.04% and was at 82,464.69.

OLA Electric's stock has fallen 55.4% in the past year

Compared to an 8.9% gain in the Sensex during the same period. In just one month, the stock has fallen nearly 16%. Pressure from store reduction plans According to media reports, the company is planning to reduce the number of its physical stores due to declining demand and declining market share. The company aims to reduce its stores to around 550 by March. Previously, under the leadership of Bhavish Aggarwal, the company had rapidly expanded to nearly 4,000 offline stores across the country. However, in its recent quarterly update, the company stated that it had reduced its operational stores to approximately 700. According to the report, major changes were made within the company in the December quarter. Recognizing the slowdown in demand for electric vehicles and the need for service improvements, the company has adjusted its expenses, store network, and operating methods. The company is now focusing on long-term sustainability rather than rapid sales. Some stores have also been closed in many areas and there are reports of layoffs at some places.

Less loss in Q3, but huge drop in earnings The company incurred a net loss of ₹487 crore in the quarter ended 31 December 2025, which was ₹564 crore in the same quarter last year. Although the loss reduced a bit, the company's operating earnings fell by 55% to ₹470 crore.

Brokerage firms reduced confidence Brokerage house Emkay Global Financial Services downgraded OLA Electric's rating to 'Sell' after the Q3 results and reduced the target price from ₹50 to ₹20. The firm said that the company's position is weakening and improvement may take a long time. At the same time, Citi also downgraded the stock from 'Buy' to 'Sell' and reduced the target price from ₹55 to ₹27. According to the brokerage, EV share in the electric two-wheeler segment in India is growing slower than expected. Furthermore, service issues, increased competition, and negative customer perception have all contributed to the company's market share decline. Analysts believe the company's future could be challenging and the recovery process could be lengthy.