Ola Electric Shares Plummet 82% from Peak, Hits 52-Week Low on Weak Q3FY26 Earnings

• Ola Electric Mobility's share price fell 3.5% to a 52-week low of Rs 27.82 after weak Q3FY26 earnings.
• The stock is down 82% from its all-time high of Rs 157.40 in August 2024 and 62% below its IPO price.
• Q3FY26 saw a net loss of Rs 487 crore, narrowing from Rs 564 crore YoY, but consolidated revenue dropped 55% to Rs 470 crore.
• The company reported a record gross margin of 34.3%, attributing it to vertical integration and a 'structural reset' for leaner operations.
• Emkay Global downgraded Ola Electric to 'Sell' with a target price of Rs 20, citing weak performance and increased competition.