Ola Electric's Q1 performance shows significant improvement in gross margins and profitability, but concerns about volume growth and market share persist.
Leading brokerage firms have varying reactions to Ola Electric's Q1 results, with cautious optimism prevailing.
Goldman Sachs raised its price target for Ola Electric due to volume and gross margin improvements, while BofA Securities maintains an 'Underperform' rating citing concerns about market share loss and slowing EV adoption.
Kotak Institutional Equities maintained a 'Sell' rating, noting lower-than-expected losses in Q1 but expressing concerns about volume targets and competitive intensity.