Ather Energy Shares Surge 8% as Brokerages Raise Target Prices

27 Oct 2026, 11:55 am · 4h ago · 1 min read · Inc42

Shares of Ather Energy jumped over 8% to an intraday high of ₹1,702 on the BSE following strong Q2 FY27 financial results. The rally pushed the electric two-wheeler maker's market capitalisation to ₹66,672.4 crore ($6.9 billion). Brokerages HSBC and Nomura maintained Buy ratings, raising price targets to ₹1,800 and ₹2,070, respectively. Ather posted its maiden consolidated net profit of ₹1.3 crore for the quarter, reversing a net loss of ₹154.1 crore recorded a year earlier. Operating revenue grew 62.9% year-on-year to ₹1,464.2 crore, driven by margin expansion and strong bookings for its new Konarc scooter range.