Ola Electric shares rally over 14% on market share gains, launch of Gen 3 electric scooter

Ola Electric shares: Ola Electric Mobility shares surged 14.4% to Rs 76.5 after its market share rose to 30% in January, up from 19% in December. The company launched the Gen 3 model, expected to bring 20% margin savings. However, HSBC downgraded the stock to "Hold" citing volume disappointments and increased competition, lowering the target price to Rs 70.