Ather Energy shares rise 3% as Nomura raises target price; stock up nearly 200% in 1 year

Ather Energy shares rise 3% as Nomura raises target price; stock up nearly 200% in 1 year

Nomura raised Ather Energy target to Rs 1,926 (+22%); EV two-wheeler penetration forecast at 22% by FY30. EL platform doubles TAM; PAT breakeven expected FY28, EBITDA margins positive from FY29 indicate profitability in early-stage EV market.