Ola’s PLI woes; Paytm rides MDR hopes

Ola Electric shares fall 5.4% after Q1, brokerages split between neutral and sell calls

Ola Electric narrowed losses 21% Y-o-Y but revenues -45% (₹455 crore); volumes 40k with weak EBITDA and FCF -₹3.5B. Brokerages flag execution risk as Ather/Bajaj scale—capital raise imminent, signaling valuation pressure for EV scale-up ecosystem across India.