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.