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Ather Energy shares zoom 18% after Q1 results. Why is it Nomura's top 2-wheeler pick?
Ather Energy shares rose sharply on Tuesday after the electric two-wheeler maker sharply narrowed its June-quarter loss and reported strong revenue growth with positive EBITDA. Nomura retained its Buy rating, raised the target price to Rs 1,714, and kept Ather as its top electric two-wheeler pick, citing improving margins, scale and long-term growth prospects.
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economictimes.indiatimes.com
Ather Energy Q1 Results: Loss narrows YoY to Rs 51 crore on stronger sales
Ather Energy, the Indian electric scooter manufacturer, has announced a significant reduction in its quarterly losses, attributing this positive outcome to robust sales that…
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thehindubusinessline.com
Ather Energy posts narrower quarterly loss, aided by firm scooter demand
Ather Energy reports a narrower quarterly loss with a 90% revenue increase, driven by strong demand for Rizta scooters.
