Ather Energy's shares on NSE (ATHR.NS) have extended gains, climbing 9.3% in real-time trading, reflecting strong investor confidence in the electric vehicle maker. This surge follows robust Q3 results with revenue up 50%, narrowing losses, and positive sector tailwinds boosting the stock from recent lows around ₹600.
Ather Energy (ATHR.NS) shares hit intraday highs near ₹683 after opening around ₹626, with high volume exceeding 1.8 million shares. The stock recovered from a 3.11% dip to ₹606.55 on February 2, 2026, driven by post-Q3 optimism despite ongoing losses. Market cap stands at approximately ₹23,161 crore, with 52-week range of ₹288-₹790.
Key Highlights
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Q3 Revenue Boom: Operating revenue jumped 50% YoY to ₹954 crore; net loss narrowed to ₹85 crore from prior quarters.
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Volume & Trading: Day's high ₹627.85, low ₹599.30 on BSE/NSE; 20D avg volume 1.65M shares.
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Financial Snapshot: TTM EPS negative at -₹17.06; P/B 48.49x; strong cash reserves cover liabilities.
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Analyst Views: Consensus leans "Buy/Outperform"; stock 23% off 52-week high.
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Sector Context: EV demand rises with Rizta scooter success; peers like Ola Electric also gain.
Outlook
Ather's expansion into insurance and new markets signals growth, though challenges like supply chain persist. Investors eye FY26 volume uptick.
Sources: Moneycontrol.com, EconomicTimes.com, NSEIndia.com