Ola Electric shares jump 10% as Goldman, BofA give 'Buy' rating

Ola Electric shares ended around 10% higher on Tuesday after Goldman Sachs and Bank of America (BofA) gave the stock a 'Buy' rating. Goldman Sachs assigned the stock a target price of ₹160, while BofA set a target price of ₹145. Ola Electric's revenue will grow 2.5 times faster than its rivals over the next three years, Goldman Sachs said.