Ola Electric Share Price Prediction: Shares of billionaire Bhavish Aggarwal-led Ola Electric Mobility have been on a rollercoaster ride ever since its debut on the D-Street. After an almost flat listing at Rs 76 apiece, the electric vehicle-maker's shares zoomed to hit its record high at Rs 157.4 in just seven sessions, taking investors on a dream ride. However, soon it lost momentum and started spiraling downward.
Those who would have entered at its peak, would now be sitting with more than 30 per cent losses (till September 16's closing price).
Ola Electric Share Price Prediction, Target 2024
What should investors do? Should they stay invested, exit, and take this opportunity to add more? Two brokerages Goldman Sachs and Bank of America (BofA) have initiated coverage on the EV stock.
BofA on Ola Electric
Initiate Buy with target price of Rs 145
Charged up: Transforming two- wheelers on electric
Technology & cost leadership enable right to win
Battery: A lot of naysayers but it's worth a bet
Goldman Sachs on Ola Electric
Initiate Buy with target price of Rs 160
Building local formula for giga growth in Electric 2Ws
Positively levered to long-term structural trends in India's E2W mkt
OLA can achieve EBITDA breakeven in FY27
Expect FY24 to FY30 revenue growth of +40% CAGR, implying FCF breakeven in FY30
Expect OLAE to achieve 11.9%/27% EBITDA margin/ROIC by FY30
Ola Electric: About Company
Founded in 2017, Ola Electric Mobility Limited is an electric vehicle company that primarily manufactures electric vehicles and core components for electric vehicles. These components include battery packs, motors, and vehicle frames, all produced at the Ola Futurefactory.
(Disclaimer: The above article is meant for informational purposes only, and should not be considered as any investment advice. ET NOW DIGITAL suggests its readers/audience to consult their financial advisors before making any money related decisions.)
Ola Electric is a prominent player in the electric vehicle market in India, known for its innovative and sustainable electric scooters. Founded in 2017 by Bhavish Aggarwal, the company has quickly become a leader in the electric two-wheeler segment1.
Ola Electric offers a range of electric scooters, including the S1, S1 Air, and S1 Pro, each designed to cater to different needs and preferences2. These scooters are known for their impressive range, quick acceleration, and advanced features. For instance, the S1 Pro boasts a range of up to 195 km on a single charge and can accelerate from 0 to 40 km/h in just 2.6 seconds2.
The company has also made significant strides in manufacturing, with its Futurefactory in Tamil Nadu being one of the largest two-wheeler factories in the world1. Ola Electric’s commitment to sustainability and innovation is evident in its efforts to reduce emissions and promote electric mobility across India
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