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Ola Electric worth investing in: HSBC as it sets ₹140 target price

Internet

Internet · 11m ago

Ola Electric worth investing in: HSBC as it sets ₹140 target price

HSBC Global Research said Ola Electric Mobility is "worth investing in" given its ability to reduce costs and a positive risk-reward in its battery venture. Giving a 'buy' rating to the company, HSBC set a price target of ₹140 for its shares. Ola Electric's market cap surged close to $7 billion on Friday after its shares jumped 20%.

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Ola Electric's recent market share loss a cause of worry, says HSBC

Money Control

Money Control · 10m ago

Ola Electric's recent market share loss a cause of worry, says HSBC

HSBC, the brokerage firm, has expressed concerns about Ola Electric Mobility losing market share. Ola Electric recorded its lowest monthly sales in August, resulting in a decline in market share from 49% to 31%. HSBC attributes this loss to the increased availability of low-cost variants from rival companies. Despite this setback, HSBC remains optimistic about Ola's prospects and has retained its 'buy' call on the stock. Ola Electric's share price has experienced fluctuations since its IPO, but it is still up almost 50% from its IPO price of Rs 76.

CLSA, HSBC raise target price on Dixon Technologies following HP India deal, see 12% upside

Money Control

Money Control · 10m ago

CLSA, HSBC raise target price on Dixon Technologies following HP India deal, see 12% upside

Dixon Technologies, an electronics manufacturing firm, has received positive ratings from international brokerages following its subsidiary Padget Electronics' deal with HP India. CLSA and HSBC both see strong growth potential in Dixon Technologies, with CLSA maintaining a "hold" rating but raising its target price. HSBC reiterated its "buy" rating, noting the value accretive nature of the deal with HP. Over the past year, Dixon Technologies' shares have jumped 140 percent, outperforming the Nifty 50 index. The company aims to capture a significant portion of India's IT hardware manufacturing market.

Ather Energy Gets Buy Rating as Analysts See Up to 30% Upside – Outlook Business

OutlookIndia

OutlookIndia · 10d ago

Ather Energy Gets Buy Rating as Analysts See Up to 30% Upside – Outlook Business

Ather Energy's shares increased by over 3% after HSBC and Nomura gave it a 'Buy' rating. HSBC set a target price of ₹450, projecting a 30% upside based on the company's strong product differentiation and technology leadership. Nomura anticipates gross margin growth as Ather capitalizes on electrification and premium electric two-wheelers. The Department for Promotion of Industry and Internal Trade (DPIIT) has partnered with Ather to provide opportunities for start-ups in the EV and manufacturing space.

Ola Electric raises $140 million led by Temasek

Livemint

Livemint · 1y ago

Ola Electric raises $140 million led by Temasek

Ola Electric, an Indian electric vehicle company, has raised approximately $140 million in a funding round led by Singaporean state investor Temasek. The remaining funding came from family offices and other investors. This round values Ola Electric at around $5.4-5.5 billion, higher than its previous valuation of $5 billion. The funding will provide Ola Electric with additional capital as it prepares for an initial public offering (IPO) in early 2024. The company is a leader in India's electric two-wheeler market and plans to expand its product offerings.

Ola Electric Stock: HSBC Says Recent Market Share Loss Worrisome But Retains Target Price

Inc42 · 11m ago

Ola Electric Stock: HSBC Says Recent Market Share Loss Worrisome But Retains Target Price

HSBC expressed concerns over Ola Electric's recent market share loss, resulting in a downside risk to its volume projections. The electric scooter company witnessed a 34% decline in registrations in August. However, HSBC maintains a positive outlook on Ola Electric's recovery and maintains a 'buy' rating on the stock.

All eyes on Blinkit as brokerages raise price targets on Zomato ahead of Q3 earnings

Inc42 · 1y ago

All eyes on Blinkit as brokerages raise price targets on Zomato ahead of Q3 earnings

Brokerage firms, including Goldman Sachs, Jefferies, and HSBC, have raised their price targets on Zomato as the company's food delivery and quick commerce businesses continue to grow. Goldman Sachs increased its price target to INR 160, citing Zomato's rapid growth in the food delivery market and its strong performance in the online grocery segment through Blinkit. Jefferies raised its price target to INR 190, expecting Blinkit to drive Zomato's growth. HSBC, however, expects Zomato's Q3 earnings to be muted, with a focus on the quick commerce business for future growth.

Charging Up: Goldman Sachs, BofA Securities Initiate Coverage On Ola Electric With ‘Buy’ Rating

Inc42 · 10m ago

Charging Up: Goldman Sachs, BofA Securities Initiate Coverage On Ola Electric With ‘Buy’ Rating

Goldman Sachs has given a price target of INR 160 for Ola Electric, indicating a potential upside of over 48% from the previous close. The brokerage predicts faster revenue and volume growth for Ola Electric compared to its peers in the Indian electric vehicle (EV) 2-wheeler market, expecting EBITDA to break even by FY27E. This growth is driven by a decrease in battery pack prices.

Ola's Aggarwal sets eyes on AI, semiconductor design

TechCrunch · 2y ago

Ola's Aggarwal sets eyes on AI, semiconductor design

Bhavish Aggarwal, co-founder of Ola and Ola Electric, is exploring new avenues including an AI startup focused on language models and scouting U.S. AI startups for acquisition. He's also considering raising over $50 million for the new AI venture and mulling the creation of a semiconductor design firm. Ola leads India's ride-hailing market, while Ola Electric has achieved success in the electric scooter market. Aggarwal's diverse ventures reflect the surge in AI interest and the broader tech economy.

Ola Electric shares hit 20% upper circuit on affordable EV scooter launch and Citi's 'Buy' call

Economic Times

Economic Times · 8m ago

Ola Electric shares hit 20% upper circuit on affordable EV scooter launch and Citi's 'Buy' call

Ola Electric shares surged by 20% on the announcement of the launch of two new affordable electric scooters, priced at Rs 39,000, making them the cheapest in Ola's lineup. The scooters, called Ola S1 Z and Gig, are aimed at gig workers and urban commuters, respectively. Ola has already started accepting reservations, with deliveries expected to begin in April 2025. Citi also played a role in boosting Ola Electric's shares by initiating coverage with a 'Buy' rating and a target price of Rs 90.

Ola Electric sets price band of Rs 72-76 per share for IPO

YourStory

YourStory · 1y ago

Ola Electric sets price band of Rs 72-76 per share for IPO

Ola Electric, a Softbank-backed electric vehicle maker, has announced its initial public offering (IPO) price range of Rs 72 to Rs 76 per equity share. The offering includes a fresh equity issue of Rs 5,500 crore and an offer for sale (OFS) of 8,49,41,997 shares. Bids can be made for a minimum of 195 shares and in multiples of 195 shares. Ola Electric's IPO will open for subscription on August 2, with the anchor investor bidding starting on August 1. The company's revenue in FY24 rose to Rs 5,009.8 crore while its loss was recorded at Rs 1,584.4 crore.

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