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The Economic Times
The Economic Times
Veer Sharma

Ather Energy shares zoom 18% after Q1 results. Why is it Nomura's top 2-wheeler pick?

Shares of Ather Energy climbed 18% to Rs 1,500 on the BSE on Tuesday after the electric two-wheeler maker's June-quarter loss narrowed to Rs 51 crore from Rs 178 crore a year earlier, signalling improving operating performance.

Revenue from operations soared 88.8% year on year to Rs 1,217 crore. The company's consolidated total income rose 87.2% to Rs 1,260 crore, supported by robust volume growth, calibrated pricing actions and a higher contribution from non-vehicle revenue.

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