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The Economic Times
The Economic Times
Debaroti Adhikary

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

Ather Energy Nomura Ather Debaroti Adhikary SEBI

Ather Energy shares rallied as much as 3% to their day's high of Rs 1,625 on the BSE on Thursday after international brokerage Nomura raised the target price, believing that EV two-wheeler adoption is accelerating faster than expected.

Nomura has a ‘Buy’ call on the shares of Ather Energy and raised its target price to Rs 1,926 apiece from Rs 1,714 apiece, with the latest target price implying around 22% upside potential from the stock’s previous closing price of Rs 1,580 apiece.

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