More Stories

Informist, Thursday, Feb. 26, 2026                                      Tel +91 (22) 6985-4000

---

Equity Alert: Ola Electric falls 1%; Goldman Sachs downgrades co to 'neutral'

 

MUMBAI--0930 IST--Shares of Ola Electric Mobility fell over 1% to an intraday low of INR 25.26, before recovering and trading over 1% higher, after global brokerage Goldman Sachs downgraded the company's stock to 'neutral' and cut its target price 50% to INR 26 from INR 52 earlier, CNBC-TV18 reported. The brokerage also lowered its 2025-26 (Apr-Mar) to FY28 revenue estimates for the company, factoring in a mid-single digit market share in FY30 and beyond, compared to expectations of a low-teens market share earlier. The INR 26 target price given by the brokerage was nearly 2% higher than the stock's closing price on Wednesday.

 

By 0945 IST, shares of the company had recovered and traded over 1% higher. Around 18 million shares of the company have changed hands on the bourse so far in the session.

The brokerage said that at the revised pace of the company's earnings before interest, tax, depreciation, and amortisation, losses and capital expenditure, Ola Electric's cash burn is likely to necessitate fundraising over the next 12–18 months. TVS Motor Co. remained the biggest player in the two-wheeler electric vehicle market in February, global brokerage Nomura said citing Vahan data. Bajaj Auto is in the second position in terms of market share, and Ather and Hero Motocorp. are in the third and fourth places, respectively. Ola Electric is at the fifth position, with the company's market share slipping to around 3.9% in February.

 

Goldman Sachs said key steps that are required to turn around Ola Electric's business trajectory include building a sustainable and stable servicing operation, establishing a stable senior leadership team across domains, and improving product reliability in the upcoming industry product launch cycle. 

 

Among other brokerages, Emkay Global Financial Services has a 'sell' rating on the stock with a target price of INR 20. Last week, the brokerage had downgraded the stock to 'sell' from 'buy' earlier and cut its target price 60%. Ola Electric has seen a consistent market share loss and attempts at revitalising its presence in the electric two-wheeler segment will be a long process, Emkay Global said. (Eshitva Prakash)

---

 

Equity Alert: Indices expected to open higher; US-Iran talks in focus

 

MUMBAI--0825 IST--Benchmark equity indices are seen extending gains Thursday, tracking the overnight rise on the Wall Street. Analysts await the result of the negotiations between Iran and the US as their respective representatives resume talks in Geneva later in the day. A prolonged conflict between the two countries will likely be detrimental to investor sentiment globally and drive up prices of crude oil, analysts said.  

 

Iran and the US will resume negotiations in Geneva, Switzerland. US Secretary of State Marco Rubio said the talks will largely focus on Iran's nuclear programme, according to media reports. The official also said Iran is trying to achieve intercontinental ballistic missiles, which will be a "big problem" if the country does not want to negotiate on missiles. Due to the disagreement between the two nations, the April futures contract of Brent crude has risen 3.5% in the last seven days. At 0744 IST, the contract traded at $71.10 per barrel.

 

Overnight, the US stock market rose for the second straight session, supported by gains in technology majors Nvidia and Oracle. Shares of Nvidia ended 1.4% higher before the company's financial results. After market hours, Nvidia reported better-than-expected results for the fourth quarter ended Jan. 25, driven by 75% revenue growth in its core data centre business, CNBC reported. Equity indices in Asia were mixed in early trade Thursday, with markets in China struggling while those in Japan reaching record highs. Japan's Nikkei 225 was up 1%.

 

Information technology stocks continue to be in focus amid worries over artificial intelligence-related disruptions. "Information technology sector valuations are too attractive to ignore as the market has over-reacted to the AI threat," Emkay Global Financial services said in a research report. The long-term growth of the sector is likely to remain below 5%, but the brokerage sees very little merit in the "alarmist projections" of revenue contraction.

 

At 0824 IST, the GIFT Nifty 50 indicated a positive start for the Nifty 50, with the March contract of the GIFT Nifty being nearly 200 points higher than the Nifty 50's previous close. On Wednesday, the Nifty 50 index closed 0.2% higher at 25482.50 points. The BSE Sensex closed at 82276.07 points, up marginally.  (Eshitva Prakash)

---

 

Equity Alert: Asian indices mixed; Nikkei, TOPIX, KOSPI hit fresh highs

 

MUMBAI--0817 IST--Indices in Asia were mixed in the early trading session Thursday. Despite the mixed sentiment, several indices reached fresh highs during the session, including Japan's TOPIX and Nikkei 225, South Korea's KOSPI, and Australia's S&P/ASX 200 Index. Among the laggards, Hong Kong's Hang Seng led the losses and was followed by its Chinese counterpart, CSI 300.  

 

The Japanese government Wednesday nominated Ayano Sato, a professor at Aoyama Gakuin University, and Toichiro Asada, professor emeritus at Chuo University, to join the country's central bank board, Reuters reported. The two are strong advocates for economic stimulus, reflecting the monetary policy of Japanese Prime Minister Sanae Takaichi's administration. Sato will replace Junko Nakagawa, whose term expires at the end of June, and Asada will replace economist Asahi Noguchi, whose term ends on Mar. 31. Japanese indices have recorded multiple fresh highs in the recent past, supported by PM Takaichi's growth-oriented policies, which are viewed as an extension of Abenomics, CNBC reported.

 

The South Korean KOSPI index rose during the session, led by gains in Samsung Electronics and SK HYnix, which were up over 5% and 2% respectively. The rise in stocks is attributed to the gains in technology stocks on Wall Street, The Chosun Daily reported. Individual investors have been net buyers during early trade, purchasing shares worth 498.20 billion Korean won (around INR 31.8 billion). Foreign investors and institutional investors were net sellers of shares worth 347.8 billion Korean won and 161.0 billion Korean won, respectively, the South Korean publication reported.

 

Following are the levels of key Asian indices at 0816 IST:

 

INDEX	LEVEL	CHANGE IN %
KOSPI	6205.97	2.01
FTSE Singapore Straits Times	4997.74	(-)0.20
S&P/ASX 200 Index	9182.90	0.60
Hang Seng Index	26597.57	(-)0.63
IDX Composite	8296.00	(-)0.32
TAIEX	35413.89	0.00
CSI 300	4711.36	(-)0.52

 

(Akshat Saksena)

---

 

Equity Alert: US indices end up Wed; concerns over disruption from AI ease

 

MUMBAI--0736 IST--US indices ended higher Wednesday as stocks of technology companies continued to rise amid waning concerns over artificial intelligence causing a disruption. 

 

Shares of NVIDIA ended over 1% higher in anticipation of earnings, which came in better than expected. The AI bellwether, post trading hours, reported a revenue of $68.13 billion for the December quarter, beating estimates, Reuters reported. The company's total revenue for the quarter rose 73% on year, with its data centre unit contributing over 91% of the sales. The data centre unit houses the company's AI chips, CNBC reported. 

 

"We're in the middle of a push-pull here between some negative sentiment and some extreme price action in parts of the market," Zach Hill, head of portfolio management at Horizon Investments was quoted as saying by Reuters. "I think the (AI) disruption concerns are more acute right now than worries over return on investment," he said. "Investors are trying to grapple with what could potentially be existential risk, and that's a bigger deal than not receiving as much payout as you would like," Hill added. 

 

President and Chief Executive Officer of the Federal Reserve Bank of Richmond said it was not clear whether the AI rollout would indeed displace workers. He said the technology could be useful to enable workers and make the job market more efficient, Reuters reported. 

 

The stocks in the tech sector of the S&P 500 led the gains while those in the index's industrial sector limited the gains. In other stocks, shares of Axon Enterprise jumped nearly 18?ter the company's revenue rose 38% on year to $454.20 million, indicating strong demand for its products. Its offerings include the TASER 10, Axon Body 4, counter-drone solutions, virtual reality training and fleet systems, Reuters reported.

 

Investors are likely to monitor US-Iran tensions along with tariff-related updates. The US implemented a 10% tariff on global imports Tuesday. This came as somewhat of a relief as US President Donald Trump had earlier threatened to hike global tariffs to 15% over the weekend. In his State of the Union speech, Trump announced a proposal to offer workers access to a government-backed retirement account and also called for a ban on large institutional investors from purchasing single-family homes again, CNBC reported. 

 

Following are the closing levels of US indices Wednesday:  

 

Index	Level	Change in %
S&P 500	6946.13	0.81
NASDAQ Composite	23152.08	1.26
Dow Jones Industrial Average	49482.15	0.63

 

(Akshat Saksena)

 

US$1 = INR 90.86

IST, or Indian Standard Time, is five-and-a-half hours ahead of GMT

 

Edited by Tanima Banerjee

 

All prices from National Stock Exchange, unless otherwise specified.

All percentage changes for share prices are rounded off to the nearest whole number; percentage changes for index values are rounded off to one decimal place.

All times are Indian Standard Time.

 

NSE: National Stock Exchange
NYSE: New York Stock Exchange
NYMEX: New York Mercantile Exchange
SEBI: Securities and Exchange Board of India
RBI: Reserve Bank of India

Internet links:
Securities and Exchange Board of India - http://www.sebi.gov.in
Bombay Stock Exchange - http://www.bseindia.com
National Stock Exchange of India - http://www.nseindia.com
Directory of Indian government websites - http://goidirectory.nic.in
Indian Ministry of Finance - http://www.finmin.nic.in
Reserve Bank of India - http://rbi.org.in
Controller General of Accounts, Government of India - http://www.cga.nic.in
Government's Press Information Bureau - http://www.pib.nic.in

 

For users of real-time market data terminals, Informist news is available exclusively on the NSE Cogencis WorkStation.

 

Cogencis news is now Informist news. This follows the acquisition of Cogencis Information Services Ltd by NSE Data & Analytics Ltd, a 100% subsidiary of the National Stock Exchange of India Ltd. As a part of the transaction, the news department of Cogencis has been sold to Informist Media Pvt Ltd.

 

Informist Media Tel +91 (22) 6985-4000

Send comments to feedback@informistmedia.com

 

© Informist Media Pvt. Ltd. 2026. All rights reserved.