Experts Warn: Avoid Steel Authority, Ola Electric Stocks Amid Sharp Decline

• Nuvama downgraded Steel Authority (SAIL) to 'reduce', cutting target price by 25% to ₹106 due to lower steel prices and high valuation.
• SAIL's EBITDA estimates for FY26-28 reduced, with Q4 EBITDA potentially falling 30% QoQ, and weak RoE projections.
• Experts advise investors to stay away from Ola Electric, which fell 5% today, hitting a new annual low.
• SAIL fell over 2% today; 14 out of 30 analysts recommend 'sell' due to concerns like increased debt from IISCO expansion.

Why It Matters: Experts advise caution on Steel Authority and Ola Electric stocks due to downgrades and market pressure.