Shares of Ola Electric Mobility have garnered significant attention during Tuesday’s trading session following buy ratings from two major global brokerages, Goldman Sachs and BofA Securities. The share price increased by more than 7% on the positive brokerage notes.

Ola Electric Mobility shares surged on Tuesday, climbing over 6% after two major foreign brokerages, Goldman Sachs and BofA Securities, initiated coverage with bullish ratings. At 12:30 am, shares of the company were up 6.

Goldman Sachs has also initiated coverage on Ola Electric, assigning it a 'buy' rating with a target price of ₹160 per share. This projection represents a potential 50% increase from the current stock price of ₹110 per share.

While Goldman has assigned a price target of Rs 160 per share of Ola Electric, BofA has a target price of Rs 145 per share

While BofA Securities sees a potential upside of nearly 35% for shares of Ola Electric, Goldman Sachs sees up to 50% upside.

Ola Electric Mobility shares rose 6% to Rs 114.30 after Goldman Sachs and BofA set target prices of Rs 160 and Rs 145. Goldman sees 48% upside; BofA sees 34%.

Ola Electric after stellar gains are now trading in a range, nonetheless brokerages remain upbeat on the stock's prospects.