News > Ola Electric's share price soars 92% to Rs 146 amid positive HSBC rating

Ola Electric's share price soars 92% to Rs 146 amid positive HSBC rating

Ola Electric’s share price rose by 9.99 per cent to Rs 146.38 at the NSE up from its previous close of Rs 133.08. The share price increased by approximately 92 per cent from the IPO price of Rs 76. This comes at a time when brokerage firm HSBC gave a ‘buy rating’. The brokerage firm believes that Ola Electric is a worthwhile investment due to its favourable risk-reward ratio in its battery business and consistent regulatory support.