Ather Energy Shares Jump 8% After HSBC, Nomura Raise Price Targets

by · Inc42

SUMMARY

  • Ather Energy shares rose as much as 8.1% to ₹1,702 on the BSE after HSBC and Nomura raised their price targets following its Q2 FY27 results
  • Better-than-expected margins and stronger bookings have bolstered brokerages’ growth expectations, with capacity additions expected to help Ather meet demand
  • HSBC raised its price target to ₹1,800 and Nomura to ₹2,070, while Ather approved a ₹122 Cr investment to add 2.25 Lakh units of annual manufacturing capacity