Ola Electric company, which was recently listed in the stock market, has done wonders. This stock has given returns of up to 75 percent in just 5 days. This stock has been running at a rapid pace since its listing in the market, whereas on August 9, its listing was flat, which means that investors did not get the listing gain. But after listing, on the same day itself, shares of OLA Electric hit upper circuit of 20 percent.
After rising by 20 percent on the first day itself, shares of Ola Electric are rising every day. The situation is that the shares of Ola Electric have jumped 75 percent in the last five trading days. That means, if someone had invested Rs 1 lakh in this share after its listing, his total investment would have been Rs 1,75,000.
Upper circuit in shares even today
On Friday, shares of Ola Electric closed at Rs 133 with an upper circuit of 20 per cent. At the time of listing, the price of this share was only Rs 76, which is now 75 percent more than its listing price. The high level of Ola Electric shares is Rs 133. The market cap of the company is Rs 48,801 crore.
Expert advised to buy
According to reports, global brokerage firm HSBC has given ‘buy’ rating on this stock and has set a target price of Rs 140 per share. Ola Electric is a lead electric scooter (EV) manufacturer in India, providing technology services and manufacturing for EVs including battery cells.
Launch its first bike on 15th August
On August 15, Ola Electric launched its first bike in the electric motorcycle segment. Ola launched ‘Roadster’, ‘Roadster X’ and ‘Roadster Pro’, and announced to integrate its units in its vehicles from Q1FY26 onwards.
Company’s losses increased
If we talk about the financial condition of the company, it is not good. The company’s Q1FY25 loss widened to Rs 346 crore on year-on-year basis, while Q1FY24 loss was Rs 268 crore. However, on quarter-to-quarter basis the company’s loss has reduced by Rs 418 crore.
(Note- Before investing in any share, definitely take the help of a financial advisor.)