Ola Electric shares jump 20% on new scooter launches, Citi's 'Buy' rating

India's gig economy workers and cost-conscious consumers are the target for the two new electric scooter models—the S1 Z and Gig. The stock's rise was further driven by global brokerage firm Citi initiating coverage on Ola Electric with a 'Buy' rating and a target price of Rs 90.