Ola Electric’s Bhavish Aggarwal: A ₹21,000 Crore Success Story

[{"selector":"#anim-f963b033-70b2-43fe-b7df-9ba707105e48","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] By : 5paisa 20 August 2024

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[{"selector":"#anim-0955a5b4-97e4-4db9-a333-62d283a834c1 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-b06eb0f0-ae30-4c64-85ab-8844ec9cc35f","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-10f8db07-b412-4b83-a76f-a62b59c7b323","keyframes":{"opacity":[0,1]},"delay":0,"duration":800,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-f6b02d39-2a5f-49fa-a6f0-93a63e3b0714","keyframes":{"transform":["translate3d(0px, -366.78811%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":800,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Aggarwal sold 3.79 crore shares during the IPO for ₹288 crore, bringing his total worth to ₹21,144 crore on debut day.

[{"selector":"#anim-aa94a3f0-0063-4817-965c-3f03c2fe773a","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-71a154de-50ba-46e3-9a53-977f7ebdcd1e","keyframes":{"opacity":[0,1]},"delay":0,"duration":800,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-8f7c2ca7-0980-4d02-9369-d92212c607a3","keyframes":{"transform":["translate3d(0px, -369.52034%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":800,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-d52e233c-48d5-42f3-8166-eb81dac9b804 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] HSBC initiated a ‘Buy’ on Ola Electric, highlighting potential in its battery venture and predicting global-quality, cost-efficient production.

[{"selector":"#anim-b302b22d-4df1-427d-953c-b3e3f5744723","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-91d99f7c-3b9b-4b2f-8353-5b00e5e259d0","keyframes":{"transform":["translate3d(0px, 765.93807%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-8e65362e-6fc8-4139-b59c-95d6220bc473","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-a4e35a25-8888-46dc-a7bb-28723a4c2bdc","keyframes":{"transform":["translate3d(0px, -571.63723%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-a66fdd55-29d7-46a9-b4b4-ba49293856e1 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] Open Free Demat Account in just 5 Minutes! Start Investing Today Open Demat Account

[{"selector":"#anim-b2433e0b-0da1-4115-8911-45caf79263d0","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-b293837d-9d35-49c5-8ccb-eb5b75783145","keyframes":{"opacity":[0,1]},"delay":0,"duration":800,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-9a08d019-4230-476b-8066-f46f51c88f2a","keyframes":{"transform":["translate3d(0px, -427.88527%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":800,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-661a4608-51cf-4c9f-bbf8-77857e45683d [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] Ola Electric shares soared 107% from the IPO price of ₹76 to ₹157.53, easily surpassing HSBC’s ₹140 target.

[{"selector":"#anim-01e874b1-d898-4641-b79c-d3bad35c8b1c [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-04093caa-1974-4bea-8f0a-69fe4a567ae6","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-fa2ac0fa-f633-4423-8cae-cbcced3f08ba","keyframes":{"opacity":[0,1]},"delay":0,"duration":800,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-6e97e718-b6f8-41de-aa9e-dd2f0755d135","keyframes":{"transform":["translate3d(0px, -419.49818%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":800,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] HSBC expects regulatory support for EVs to remain for 2-3 years, making Ola's e2Ws cost-competitive even as subsidies decline.

[{"selector":"#anim-73e1cbc2-9c82-47f4-855a-2569a86306b4","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-4148e673-c681-4c1f-a135-61c9db9171e0","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-e01c81fb-d459-4915-9088-1082aa2c83e4","keyframes":{"opacity":[0,1]},"delay":0,"duration":800,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-89b64b27-9e0a-4d06-850c-6321d21d190a","keyframes":{"transform":["translate3d(0px, -234.13951%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":800,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-db1098b9-4578-46d0-bfea-99f94e799342 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-1dd2e1df-52de-4b1f-9a62-8935ed86949b","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-d264115b-891b-46e7-905a-8fd1cc5b0658","keyframes":{"transform":["translate3d(0px, -554.00514%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Investment/Trading in securities market is subject to market risk, past performance is not a guarantee of future performance. The risk of loss in trading and investment in Securities markets including Equities and Derivatives can be substantial. Disclaimer

[{"selector":"#anim-62cecd2f-4b29-4b66-91b4-65aa31941ce3","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-36c5532d-db7e-46a8-8897-611a420655f3","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-d47d8487-fe3e-4268-8ced-193eb1edc811","keyframes":{"transform":["translate3d(-138.61788%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-8f02b280-252e-4adb-8f23-041b7e9a8154 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] Read Next Top 5 Mid-Cap Mutual Funds to Invest in for August 2024 | 5paisa More Web-Stories