Ola Electric Shares Drop 3.5% to ₹27.82 After Q3FY26 Results

Ola Electric shares declined 3.5% to ₹27.82, hitting a 52-week low after weak Q3FY26 results. Revenue fell sharply year-on-year despite improved gross margins, while net losses narrowed. Persistent delivery challenges, execution risks, and a brokerage downgrade have kept investor sentiment under pressure. Analysts now expect slower revenue growth ahead, though management has outlined a structural reset strategy focused on cost control and operational efficiency.