Ola Electric Stock: HSBC Says Recent Market Share Loss Worrisome But Retains Target Price

Ola Electric Stock: HSBC Says Recent Market Share Loss Worrisome But Retains Target Price

SUMMARY

HSBC said that the recent market share loss at Ola Electric is worrisome as the brokerage firm sees a 15-20% downside risk to its FY25/26 volume projections for the company

This comes days after the recently listed Ola Electric’s total escooter registrations slumped 34% month-on-month (MoM) to 27,517 units in August

Despite the recent sales dip, HSBC remains optimistic about Ola Electric's recovery and has maintained its 'buy' rating on the stock

HSBC said that the recent market share loss at Ola Electric is worrisome as the brokerage firm sees a 15-20% downside risk to its FY25/26 volume projections for the company if the current market share trend continues. 

This comes days after the recently listed Ola Electric’s total escooter registrations slumped 34% month-on-month (MoM) to 27,517 units in August. Its vehicle registrations stood at 41,712 units in July and 36,832 units in June.

No results were found for "".
  • «
  • 1
  • »
modal lock

Continue Reading With A Free Inc42 Account

Get the most out of your Inc42 experience by creating a free account. Enjoy personalized recommendations, ad-lite browsing, and access to our exclusive newsletters.