Ola Electric Share Price Target : The stock of Bhavish Aggarwal's Ola Electric company has been listed recently. After listing, it still has a return of 42%. Meanwhile, a brokerage report has come, in which they have given a 'SELL' rating on the stock. In the report, the Ola Electric share price target is also given lower than the current price. After all, why has the brokerage done this, it has also given the reason behind it. So let's know about it in detail.

Ola Electric Share Price Target

According to the brokerage report, the electric vehicle market leader Ola Electric Company is currently performing well, but may face challenges in the coming years. The company's business model is based on technology and it is currently getting the benefit of many incentives. However, due to increasing competition in the market, its market share is likely to decrease.

Due to this, the stock has been given a SELL rating and its target price is Rs 99.6 per share. While the stock price is Rs 111 per share as of 20 September 2024. Ola Electric continues to maintain its good position in the two-wheeler market, but its market share and profitability are expected to be affected in the future. Due to this, the brokerage has reduced the target price of this stock.