News > Ola Electric shares rise over 4% after two 'buy' ratings project targets of up to ₹160

Ola Electric shares rise over 4% after two 'buy' ratings project targets of up to ₹160

BofA Securities initiated coverage with a price target of ₹145, a potential upside of 35% from Monday's closing levels. Goldman Sachs also initiated coverage and its "buy" recommendation comes with a price target of ₹160, a potential upside of nearly 50% from Monday's closing levels. Shares of Ola Electric Mobility are down over 30% from their record high levels of ₹157, which they had surged to within a few days after listing.