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Analysts Cut Estimates for Ola Electric and Swiggy Amid Market Selloff

2 reports, 2 independent Updated Fri 00:00
No new developments lately Reached 2 outlets in its first 24 hours
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Developments
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New informationRepeats or wire copies

AI-generated briefing. Brind wrote this from the reports listed below and has updated it as the story developed. It can be wrong. Each section says how much you can rely on it, and the sources are linked so you can check.

What happened

Some supportReported by 2 outlets

Goldman Sachs cut its revenue estimates for Ola Electric for FY27-FY29 by up to 10%, citing expectations of prolonged operating losses. Nomura also cut Swiggy's target price. Separately, the Indian stock market saw an across-the-board selloff on October 23, 2026, with mid- and small-cap segments experiencing deeper declines, dragging down companies like Swiggy and Ather Energy.

From indiatimes.com, livemint.com

Why it matters

Some supportBrind's analysis of the reports

The analyst downgrades reflect concerns over prolonged operating losses and high valuations within the mid- and small-cap sectors. Ola Electric is simultaneously raising capital through a rights issue, while the broader market selloff is attributed to elevated valuations and rising bond yields.

From indiatimes.com, livemint.com

Who's involved

  • Ola ElectricElectric two-wheeler maker finalizing a rights issue while facing revenue estimate cuts.
  • Goldman SachsAmerican investment bank that cut revenue estimates for Ola Electric.
  • NomuraCorporation that cut Swiggy's target price.
  • SwiggyFood delivery app named as a drag on the BSE 150 Midcap index during the selloff.
  • Ather EnergyElectric vehicle manufacturer named as a drag on the BSE 250 Smallcap index during the selloff.
  • MeeshoSocial commerce platform named as a drag on the BSE 150 Midcap index during the selloff.

Who could feel it

Possible knock-on effects

These are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.

  • SwiggySpeculative

    Swiggy might face reduced demand due to market sentiment and analyst target price reductions.

  • Ola ElectricSpeculative

    Ola Electric could face increased capital raising costs to fund operations amidst analyst warnings of prolonged losses.

  • Ather EnergySpeculative

    Ather Energy may see reduced investment funding due to the broader mid- and small-cap market selloff.

  • MeeshoSpeculative

    Meesho could experience reduced sales volume due to the market selloff affecting mid-cap valuations.

How it developed

Newest first. Tap a step to see who reported it.
  1. Goldman Sachs cut revenue estimates and monitored Ola's EBITDA, while Nomura cut Swiggy's target price.1 source
  2. Pandey analyzes market trends affecting Ather Energy amid mid-cap selloff.1 source

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Coverage

Newest first; wire copies grouped