Ola Electric Hits Top Gear: Shares Hit The Roof Post Launch Of Gig Range S1 Z Scooters & Power Pods

Ola Electric Shares Soar 20% After New Launches | Should You Invest? Ola Electric shares surged 20% today following the launch of its affordable Gig scooters and the Ola S1 Z range and other innovative products like Power Pods. Priced from just ₹39,000, these scooters are packed with innovation, including a portable battery that doubles as a home inverter when paired with the Ola PowerPod. The company's bold moves in the EV space are making waves, but is it the right time to invest? Sharad Avasthi, Head of Research (PCG) at SMIFS, shared his insights on the stock’s potential. He highlighted Ola Electric's rapid scaling and the strong hands-on management driving the business. Sharad Avasthi acknowledged the challenges of scaling up quickly but emphasised the company’s learning curve and infrastructure development. Despite volatility, he pointed out that at current EV-to-sales valuations of around 6x, there’s room for 20-25% growth in the near term (1-2 years). For long-term investors willing to take on risks, Sharad Avasthi believes Ola Electric has the potential to deliver multifold returns over 5-10 years. Watch now for expert analysis and to understand if Ola Electric fits into your investment strategy!