Ola Electric’s performance in the June quarter prompts brokerages to remain cautious, with several firms citing weak sales volumes, softer average selling prices, and ongoing cash burn. NDTV reports that Kotak and Citi keep “Sell” ratings, while Goldman Sachs stays more guarded in its view of the stock.
Across the coverage, the main themes are company-level demand and financial pressure. The brokerages point to volumes that do not meet expectations, along with lower average selling prices that affect revenue quality. Continued cash burn is highlighted as a risk, suggesting that profitability and cash generation remain key concerns despite the company’s progress in the EV market. While the reports converge on these underlying issues, they differ mainly in how strongly they express their conviction through specific ratings and target price stances.
Overall, the outlets frame the quarter as a test of execution—particularly on demand momentum and the path to improving unit economics—while noting that investors are closely watching whether cash outflows can slow and selling conditions improve.
