Bank of America (BofA) has maintained its ‘Buy’ rating on Ola Electric but revised its target price down to ₹120 from ₹145, indicating a potential 65% upside from the current market price (CMP) of ₹72.67. Key highlights from BofA’s outlook include:
- Gross Margins: Ola Electric’s gross margin delivery has remained steady.
- Operational Improvements: The company is actively addressing issues related to reach and service.
- Growth Prospects: With electric vehicle (EV) adoption accelerating, Ola Electric has several new launches planned.
Disclaimer: This article is for informational purposes only and does not constitute financial advice.
