Good morning to the people of the HIVE
Today I am here to talk about OLA Electric and its recent IPO that was conducted just this month.
OLA started from taxi rides to Electric Scooters and is now entering into another segment which is Electric Bikes with their new bikes launched side by side with the IPO people are really loving this IPO and this stock has given a huge rally of over 45 percent after the listing and people who got allotted stocks in the IPO are definitely happy with it.
As you can see the price of Ola Electric Mobility Ltd shot up quite much after their IPO and I feel like that is related to the way the IPO was launched and the marketing strategy they implemented if you look into the books of Ola Electric then you see something like this
As you can see they are indeed making sales quite exponentially if I may add but if you look carefully their operational and marketing costs are so much that they are actually making a Net Loss and the only thing that is growing for them is their Sales. Now I do know that this is a new category in the market with EVs but still, the numbers are just not making sense for me to invest my money in.
So if you are someone who is interested in EV-related stocks then please do check things out clearly before investing your hard-earned money into any stocks without doing proper research into it.
