Ola Electric surges 20% on strong Q1 results, but analysts still advise caution

Ola Electric shares surged 20% following better-than-expected Q1 results, showcasing narrowed losses and improved margins. Revenue increased to ₹828 crore, driven by successful Gen 3 scooter launches. Despite a bullish outlook and retail investor interest, analysts advise caution due to market share competition and past overly optimistic guidance, suggesting a high-risk profile for the stock.