Ola Electric shares jump 20% on new launches, Citi's 'buy' rating

Ola Electric shares jumped roughly 20% to ₹88.16 on Wednesday after the company launched new two-wheelers. The surge also came after brokerage firm Citi initiated coverage on Ola Electric shares with a "buy" rating and a target price of ₹90. While the shares are now back above the ₹76 IPO price, they are still down 3.4% since their listing.