Ola Electric shares fall 2% as Citi slashes target price by over 18%. Here’s why brokerage is bearish

Ola Electric share price tumbled 2% as Citi Research slashed its target price by 18.5% to Rs 22, citing downward revenue revisions and market share pressures. The brokerage anticipates the company will not achieve EBITDA break-even even by FY28, reflecting a significant decline from its record peak.