Ather Energy shares jump 5%, extend rally to 20% in two days after Q2 results. Can the run continue?
60-Word AI Digest
Ather Energy shares extended their rally on Tuesday after the electric two-wheeler maker reported its first quarterly profit of Rs 1.26 crore in Q2 FY27. Revenue surged 63% year-on-year to Rs 1,464 crore, while EBITDA turned positive. Nomura raised its target price to Rs 2,070 and retained its Buy rating.
Key Takeaways
- Ather Energy shares extended their rally on Tuesday after the electric two-wheeler maker reported its first quarterly profit of Rs 1.26 crore in Q2 FY27.
- Revenue surged 63% year-on-year to Rs 1,464 crore, while EBITDA turned positive.
- Nomura raised its target price to Rs 2,070 and retained its Buy rating.
Ather Energy shares extended their rally on Tuesday after the electric two-wheeler maker reported its first quarterly profit of Rs 1.26 crore in Q2 FY27. Revenue surged 63% year-on-year to Rs 1,464 crore, while EBITDA turned positive. Nomura raised its target price to Rs 2,070 and retained its Buy rating.
Original Publisher Attribution
This summary was curated from Economic Times.