Speed machine! Ola Electric shares jump another 10% today, up 92% from IPO issue price

August 19, 2024

Ola Electric Share Price: Ola Electric Mobility’s shares rose by 10%, reaching a 52-week high of Rs 146 on Monday, reflecting a 92% increase from its IPO price. HSBC set a target price of Rs 140, citing regulatory support and cost reduction. In the June quarter, revenue grew by 32% YoY, while losses widened to Rs 347 crore.

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