India, Feb. 16 -- The shares of EV major Ola Electric plunged 7.02% to touch an all-time low at Rs.28.73 during the intraday trading today after the company reported a 55% YoY and 32% QoQ decline in its revenue to Rs.470 Cr in Q3 FY26 on February 13 (Friday).

At 13:20 IST, the stock was trading 6.15% lower at Rs.29. The company's market capitalisation stood at Rs.12,800 Cr (about $14.11 Bn).

Following the Q3 results, brokerage Emkay Global downgraded the company's rating to 'sell' from 'buy' and cut the target price by 60% to Rs.20 apiece from Rs.50 per share earlier.

"The underlying E2W (electric two-wheeler) theme is strong; the industry is seeing healthy growth (33%/24% YoY in Jan/Feb-26), with a revival in penetration following a d...