Ola Electric Target: Ola Electric, a leading company in the electric two-wheeler segment, has recently made its debut in the stock market. Following its listing, brokerage firms have given it a ‘Buy’ rating and advised investors to consider it as a strong investment. The OLA Electric stock has shown impressive returns since its listing, reflecting the company’s growing presence in the electric vehicle sector and a significant leap in market capitalization.
Highlights:
- Ola Electric’s stock has performed well since its listing.
- Brokerage firms have rated it as a ‘Buy.’
- Ola Electric’s market cap stands at ₹52,621.20 crore.
- The company has delivered over 21% returns to investors within just a week.
- Ola Electric has introduced three models of electric scooters and motorcycles to the market.
Important Points about Ola Electric:
| Points | Details |
|---|---|
| Company Name | Ola Electric Mobility Limited |
| Established Date | 3rd February 2017 |
| Headquarters | Bengaluru, Karnataka |
| Stock Market Listing | Listed at ₹75.99 |
| Market Cap | ₹52,621.20 crore |
| Brokerage Rating | ‘Buy’ |
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Table of Contents
Ola Electric: A New Direction in the Automobile Sector
Ola Electric began its journey on 3rd February 2017 in Bengaluru, Karnataka. The company primarily focuses on manufacturing electric scooters and motorcycles. So far, the company has launched three models of electric scooters and three models of electric motorcycles.
Ola Electric’s Stock Market Debut
Ola Electric’s shares were listed on NSE and BSE at ₹75.99. Since listing, the company has consistently provided good returns to investors.
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Brokerage Firms’ Opinions & Ola Electric Target
For the first time after the listing, brokerage firms have given Ola Electric’s stock a ‘Buy’ rating. HSBC brokerage firm has set a target of ₹140 for this stock.
Current Status and Challenges
Ola Electric’s market capitalization is ₹52,621.20 crore. However, the company has not yet achieved net profit. The company’s revenue growth is increasing, but profitability has yet to be realized.
Important Points for Investors
Ola Electric has provided over 21% returns within just a week after its listing. Brokerage firms have now given it a ‘Buy’ rating, increasing investor confidence in the company.
Future Prospects of Ola Electric
Ola Electric has made a name for itself in the electric vehicle sector. The company has launched three models of electric scooters and three models of electric motorcycles. The future of the company looks bright, as brokerage firms have given it a ‘Buy’ rating.
FAQs
How to invest in Ola Electric shares?
You can invest in Ola Electric shares through your Demat account by trading on NSE or BSE.
Is the future of Ola Electric bright?
Yes, brokerage firms have given it a ‘Buy’ rating, indicating that the company’s future could be bright.
Which models of Ola Electric are available?
Currently, Ola Electric has three models of electric scooters and three models of electric motorcycles available in the market.
What is the market cap of Ola Electric?
The market cap of Ola Electric is ₹52,621.20 crore.
What was the listing price of Ola Electric’s share?
Ola Electric’s share was listed at ₹75.99.
Is Ola Electric profitable?
No, the company has not yet achieved net profit.
