Ola shares: Goldman Sachs cuts rating to 'Sell', sees 28% downside; here's consensus target

Ola Electric reported Rs 26.23, with movement of 28% and 17.9% attached to those lines. Those are the figures as filed — what moves the price is how they sit against what the market already expected, not their absolute size.

Against that, the stock is -4.9% on the day at ₹30.38, and has returned -12.9% over three months. It sits 43% below its 52-week high, which means a good deal of bad news was already in the price. The auto sector has moved -6.8% over the same period, so Ola Electric is running 6.1 points behind its peers.

For Ola Electric, the question is how much of this is already reflected in the price and how much re-rates the auto peer set alongside it.