Ather Energy Surges 18% To Hit All-Time High As Brokerages Turn Bullish After Strong Q1

by · Inc42

SUMMARY

  • Ather Energy shares surged as much as 18% to hit an all-time high after the EV maker's strong Q1 FY27 performance prompted bullish brokerage calls
  • The upgrades underscore growing confidence in Ather's path to profitability, backed by robust demand, improving margins, capacity expansion, and a steady product pipeline
  • CLSA, HSBC and Nomura reiterated positive ratings after Ather reported a 71% YoY decline in net loss, turned EBITDA positive, and outlined plans to expand production capacity and launch new products