Ola Electric skids as widening losses dent sentiment

Ola Electric's shares plunged following disappointing Q4 results, with Kotak downgrading the stock due to weaker volumes and rising warranty costs. Losses widened, and revenue declined amid intensifying competition from TVS and Bajaj Auto. While Goldman Sachs remains bullish, citing growth potential, analysts advise caution, awaiting financial performance improvements and resolution of consumer concerns.