Ola Electric Shares Plunge 8%, Snap 3-Day Rally Amidst Guidance Cut & Analyst Concerns

• Ola Electric shares fell 8% from day's high on Tuesday, January 6, ending a three-day winning streak that saw a 22% rally.
• The stock is significantly down, 73% from its post-listing high of ₹157 and 44% below its IPO price of ₹76.
• Company registered 9,020 vehicles in December, boosting market share to 9.3% (from 7.2% in November) due to Hyperservice.
• Ola Electric cut its full-year revenue guidance to ₹3,000-₹3,200 crore and auto business margins to around 5%.
• Analyst sentiment is mixed: 3 'Buy', 1 'Hold', 4 'Sell', with price targets ranging from ₹25 (Kotak Securities) to ₹65 (Emkay).

Why It Matters: Ola Electric's stock declined sharply, ending a rally, as financial guidance cuts and mixed analyst views weigh.