The Ather Energy stock traded at ₹1,452.10 on the NSE at 9.35 am after hitting a fresh 52-week high of ₹1,500. The stock had closed at ₹1,272.70 in the previous session
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Ather Energy shares jumped 18 per cent to hit a fresh 52-week high on Tuesday after the company reported a sharp narrowing in its quarterly loss.The stock traded at ₹1,452.10 on the NSE at 9.35 am after hitting a fresh 52-week high of ₹1,500. The stock had closed at ₹1,272.70 in the previous session.The company reported a sharp improvement in its financial performance with consolidated net loss narrowing to ₹51.1 crore in Q1FY27.According to management, EV demand remains very strong, supported by government policy and the positive total cost of ownership for electric vehicles. The company said Delhi’s EV policy should largely continue with some changes due to strong consumer support, while other states are also showing greater support for EV adoption. Management also said Ather is receiving 236,000 enquiries and 50,000 bookings every month.Global brokerage CLSA maintained an outperform rating on Ather Energy with a target price of ₹1,600. The brokerage said volumes jumped 81 per cent y-o-y in Q1FY27, ahead of the electric two-wheeler industry’s 68 per cent y-o-y growth, while EBITDA margin improved 319 basis points q-o-q to negative 2.7 per cent despite commodity headwinds.According to CLSA, bookings are tracking around 50,000 units per month against capacity of 35,000 units per month, making the company capacity-constrained rather than demand-constrained. It said the upcoming Factory 3.0 with annual capacity of 500,000 units should remove this bottleneck from Q3FY27, while recent price hikes and cost reduction measures should support margins. The brokerage also expects the EL platform launch during the festive period to sustain volume momentum.HSBC retained its buy rating and raised its target price to ₹1,450. The brokerage said margin performance was driven by a surprisingly sharp reduction in other expenses. It added that management is confident of strong volume growth and market share recovery once new capacity becomes operational, while Ather’s superior EV brand and strong execution justify a premium valuation.Nomura maintained its buy rating with a target price of ₹1,714. The brokerage said the EV inflection is now in the fast lane and retained Ather as its top two-wheeler pick. It highlighted that the Q1FY27 EBITDA margin of negative 2.7 per cent was ahead of its estimate of negative 5.6 per cent and identified the EL platform launch and the new plant as the next key catalysts.Published on August 4, 2026
