1 hr ago
Ola Electric Shares Jump as Analysts Assess S1Z Launch
Ola Electric’s shares went up by more than 12% today.
The company introduced its S1Z scooter range.
It says the scooters use batteries made with its own Bharat Cell LFP technology.
These batteries were developed at its Battery Innovation Centre and produced at its factory in Tamil Nadu.
Ola Electric says the scooter can travel up to 301 kilometers in testing.
The company believes making batteries itself could lower electric scooter costs.
One analyst said investors should watch whether the company improves sales and profits.
Another analyst said the stock could rise further if it stays above certain price levels, but the investment remains risky.
Ola Electric shares rose more than 12% as the company unveiled its S1Z scooter range.
CEO Bhavish Aggarwal said the S1Z uses indigenous Bharat Cell LFP technology developed and manufactured by Ola Electric.
Ola Electric claims the S1Z can deliver up to 301 km of range under IDC testing.
WealthMills Securities called Ola Electric a calculated risk and emphasized the need for stronger revenue and profitability.
Master Capital Services advised existing investors to hold above Rs 34 and consider fresh positions only above Rs 41.
- Who
- Ola Electric, led by CEO Bhavish Aggarwal, and analysts from WealthMills Securities and Master Capital Services.
- What
- Ola Electric shares rose more than 12% as the company discussed its S1Z scooter range and analysts assessed the stock.
- Where
- The batteries are developed at Ola Electric’s Battery Innovation Centre and manufactured at its Gigafactory in Tamil Nadu, India.
- When
- Today, according to the report.
- Why
- Ola Electric said its in-house LFP battery production could reduce electric-vehicle costs, while analysts focused on the company’s future revenue, profitability and technical stock levels.
Ola Electric’s Growth Case
Analysts’ Investment Caution
Battery manufacturing
Ola Electric’s Growth Case
Ola Electric said its in-house Bharat Cell LFP production and manufacturing scale could reduce battery costs and support a new phase for electric vehicles.
Analysts’ Investment Caution
Analysts did not treat the technology announcement alone as sufficient; they emphasized that improved revenue and profitability will determine the company’s medium- to long-term prospects.
Stock outlook
Ola Electric’s Growth Case
The company highlighted the S1Z’s claimed range of up to 301 km and its indigenous technology as signs of product and manufacturing capability.
Analysts’ Investment Caution
WealthMills Securities described Ola Electric as a calculated risk, while Master Capital Services recommended holding only above Rs 34 and considering fresh positions above Rs 41.
Key facts
- Share movement
- Ola Electric shares rose more than 12% today.
- Product
- S1Z scooter range
- Battery technology
- Indigenous Bharat Cell LFP technology
- Manufacturing location
- Ola Electric’s Gigafactory in Tamil Nadu
- Claimed range
- Up to 301 km under IDC testing
- Patents
- Ola Electric said its cells are backed by 426 patents.
- Technical levels
- Rs 34 was identified as immediate support; fresh positions were advised above Rs 41, with a potential target of Rs 60-62.
Quotes
Vishnu Kant Upadhyay
AVP of Research at Master Capital Services
“From a technical standpoint, existing investors can hold on to the stock until it holds above Rs 34. Fresh positions should only be considered if the counter sustains above Rs 41. Once it trades above Rs 41 level, one can expect a target of Rs 60-62-odd level. On the lower side, Rs 34 would act as immediate support.”
businesstoday.in
“Ola Electric remains a calculated risk at present. The key is to see how the company improves its revenue parameters and profitability, which will be crucial for its medium- to long-term prospects. Investors with a high-risk appetite can continue to hold the stock.”
businesstoday.in
Sources
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