menu
techminis

A naukri.com initiative

google-web-stories
Home

>

Funding News

>

Ola Electr...
source image

Bloomberg Quint

12h

read

337

img
dot

Image Credit: Bloomberg Quint

Ola Electric Shares Settle Nearly 20% Higher On Improved Business Prospects

  • Ola Electric shares surged despite a 50% fall in June quarter revenue and widened losses.
  • The company aims for strong growth in 2026 with volume projections of 325,000 to 375,000 vehicles and revenue between Rs 4,200 crore to Rs 4,700 crore.
  • Shares settled nearly 20% higher as the company projects an automotive gross margin of 35% to 40% by the end of 2026.
  • Analysts maintain varying ratings on Ola Electric, with a consensus price target implying a potential downside.

Read Full Article

like

10 Likes

For uninterrupted reading, download the app