Ola Electric shares tumbled 4.2% to ₹36.30 on Tuesday, after HSBC kept its "reduce" rating, citing brand rebuilding and execution risks.
Battery yields? — HSBC projects a jump from 70% to 90% in the next six to nine months as the Giga Factory ramps up.
A ₹24 target, 37% downside, sits at ₹24, a hit from Monday's ₹37.86.
Rights issue? — The board will decide on a ₹1,000 crore raise on Oct 5, pending exchange clearance, with price and entitlement still undecided.
Market mood? — Six of eight analysts hold a "sell", none a "buy", and the 12‑month consensus target is ₹29.14, below today’s price.
Forward? — Management aims to lift margins via automation, but execution hurdles and the rights issue will test investor confidence.