HSBC Sees Big Future for Ola Electric: 26% Upside and Growing EV Market
Summary HSBC Global Research has initiated coverage on Ola Electric Mobility Ltd., assigning a 'buy' rating with a target price of Rs 140, which implies a 26.2% upside potential. The recommendation is based on Ola Electric's competitive pricing against petrol scooters and its promising battery venture. Despite current high production costs for electric scooters and potential challenges…
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August 17, 2024