India’s Ola Electric climbs on higher June vehicle registrations
01/07/2026 07:33
RPT-BUZZ-India’s Ola Electric climbs on higher June vehicle registrations Repeats to widen distribution; no changes to text
July 1 (Reuters) - ** Shares of Ola Electric Mobility OLAE.NS rise as much as 3.3% to 45.20 rupees, their highest level since June 15, 2026
** Stock gains after co says it registered 16,144 vehicles in June, compared to 15,139 units in May 2026
** Vehicle registrations are an indicator of co's sales
** Co adds it registered 43,719 vehicles in Q1, nearly doubling from 22,252 units in Q4 of the previous financial year
** Of 8 analysts covering the stock, 2 rate it “hold” and 6 “sell”; median PT is 29.5 rupees, according to data compiled by LSEG
** YTD, stock up 24.26%
(Reporting by Payel Das)
Recent news on Ola Electric Mobility
See all newsGoldman Sachs downgrades India's Ola Electric to 'sell,' shares fall
India's Ola Electric Mobility falls as rights issue prices at discount
Brief: Ola Electric Sets Rights Issue Price At 27 Rupees Per Equity Share
Brief: Ola Electric Approves Issue Of Shares Worth Up To 10 Billion Rupees
Brief: Ola Electric To Consider Fund Raising Via Rights Issue Of Equity Shares