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Ola Electric Gets ‘Hold’ From Investec On Initiation, Brokerage Sees Bumpy Road Ahead

Ola Electric Mobility Ltd. has got a ‘hold’ rating from Investec upon its initiation as the brokerage envisions an uphill road ahead for the company. Investec gave Ola Electric a target price of Rs 76 apiece, which implied 1.6% upside.

The company is currently trading at 2.9 times of financial…

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