India, May 30 -- Shares of Ola Electric slumped as much as 9.7% to INR 48.07 during early trading hours on the BSE today, after the company reported its Q4 FY25 financial results.

However, by 11:35 AM, the stock pared some losses to trade 5.65% lower at INR 50.23 on the BSE. At that time, the company's market capitalisation stood at INR 22,168.83 Cr, with a trading volume of 4.7 Cr shares.

Kotak Institutional Equities has projected a 43% downside in Ola Electric's share price, warning that it could fall to as low as INR 30 apiece. The brokerage downgraded the stock to 'Sell', citing persistent EBITDA losses amid intensifying competition and weakening brand equity.

Ola Electric's net loss surged 109% year on year and 54% quarter on quar...