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Motilal Oswal
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- 23 OctOla Electric shares fall after Goldman Sachs downgrades stock
Shares of Ola Electric fell as much as 7.6% on October 23 after Goldman Sachs downgraded the stock to 'Sell' and cut its price target. The downgrade cited high interest costs and capex needs that make cash-flow breakeven challenging, and came as Ola opened a ₹1,000 crore rights issue.
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