Ola Electric, India’s largest electric vehicle company, has achieved a significant milestone by becoming the first two-wheeler automotive electric vehicle (EV) manufacturer in India to receive incentives under the Production Linked Incentive (PLI) Scheme for Automotive and Auto Component (PLI-Auto Scheme). The company has been granted a total incentive of Rs 73.74 crore for the […]
Ola Electric Mobility shares surge 12%, back near IPO price on market share gains – CNBC TV18
Shares of Ola Electric Mobility Ltd. gained as much as 12% on Friday, January 31, after data showed that the company has gained market share in the month of January. Company Value Change %Change With Friday’s jump, the stock is back near its IPO price of ₹76. As of Thursday’s closing, shares of Ola Electric […]
HSBC reiterates bullish stance on Ola Electric, maintains ‘buy’ rating with Rs 110 target – CNBC TV18
HSBC Global Research has reiterated its optimistic outlook for Ola Electric, maintaining a ‘buy’ rating for the electric two-wheeler maker’s scrip with a target price of ₹110 apiece. HSBC considers the stock as a high-risk, high-reward opportunity, emphasising that the company’s future upside largely hinges on the success of its electric vehicle (EV) bikes and […]
Ola Electric shares rise over 4% after two ‘buy’ ratings project targets of up to ₹160 – CNBC TV18
Two brokerage firms – BofA Securities and Goldman Sachs have initiated coverage on Ola Electric Mobility Ltd. with “buy” recommendations. BofA Securities initiated coverage with a price target of ₹145, which implies a potential upside of 35% from Monday’s closing levels. On the other hand, Goldman Sachs has also initiated coverage and its “buy” recommendation […]
Ola Electric Mobility shares will be in focus on Monday — Here’s why – CNBC TV18
Shares of Ola Electric Mobility Ltd. will be in focus on Monday as its one-month share lock-in period ends. Monday will mark exactly one month to Ola Electric’s listing on the bourses. The company had made its stock market debut on August 9. After its shareholder lock-in for one-month ends on Monday, as many as […]