Ola Electric shares saw a rebound in today’s trading session, rising over 2% from earlier lows. As of 11:27 am, the shares were trading at ₹74.60 on NSE, showing a 2.59% gain. The recovery comes on the back of strong commentary from Ola Electric, highlighting its ambitious growth plans and path to profitability.
The company emphasized its commitment to maintaining and growing its market share, aiming for a range of 30-35%. Additionally, Ola Electric expects a substantial improvement in margins, driven by operational efficiencies and advancements in its Gen 3 platform. Executives confirmed that the Gen 3 platform execution is progressing faster than previously guided timelines, boosting investor confidence.
Ola Electric also hinted that its path to profitability could be achieved sooner than initially projected, a promising outlook that has caught the attention of investors.
Adding to the optimism, Bank of America (BofA) has maintained its ‘Buy’ rating on Ola Electric, albeit with a revised target price of ₹120, down from ₹145. This target still implies a potential upside of around 65% from the current market price of ₹72.67. BofA’s report praised Ola’s steady gross margin delivery, ongoing operational improvements, and growth prospects amid rising electric vehicle (EV) adoption.
With multiple new launches on the horizon, Ola Electric is well-positioned to capitalize on the accelerating EV trend, further solidifying its standing in the market.
