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Ola Electric shares up 75% from IPO issue price. 3 reasons why HSBC is bullish
Ola Electric Mobility's shares rose 75% to Rs 133, catching investors off guard. HSBC set a target of Rs 140, highlighting sustained regulatory support and cost-cutting measures. The brokerage predicts lower EV manufacturing costs and successful battery production, making EVs more competitive against ICE scooters.
