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Bloomberg Quint

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Image Credit: Bloomberg Quint

Ola Electric Shares Continue To Rise As Investors Hold Faith After Poor Q1

  • Ola Electric shares rose as much as 3.9% intraday to Rs 48.9 on the NSE, rebounding from poor Q1 results.
  • Analysts have mixed ratings on Ola Electric's stock, with concerns about volume growth and market share.
  • Goldman Sachs raised the 12-month price target for Ola Electric to Rs 63 citing improved volume and profitability expectations.
  • The stock hit a 20% upper circuit in the previous session but is still down 48% since its listing in August 2024.

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