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Ather Energy Shares Jump 8% After HSBC, Nomura Raise Price Targets

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Ather Energy Shares Jump 8% After HSBC, Nomura Raise Price Targets

Shares of Ather Energy jumped as much as 8.1% to an intraday high of ₹1,702 on the BSE after HSBC and Nomura raised their price targets following the electric two-wheeler maker’s Q2 FY27 results.

At 11:28 IST, the stock was trading 6.8% higher at ₹1,680.60, giving the company a market capitalisation of ₹66,672.4 Cr (about $6.9 Bn).

The gains extended yesterday’s rally, when Ather shares closed 13.7% higher at ₹1,574 on the BSE after the company announced its Q2 FY27 results during market hours.

Adding to the positive sentiment, HSBC and Nomura retained their ‘Buy’ ratings and raised their price targets, citing better-than-expected margins and stronger growth prospects following the launch of Ather’s Konarc scooter range.

HSBC raised its price target to ₹1,800 from ₹1,600. The brokerage said Ather delivered a strong second quarter, with EBITDA breaking even ahead of expectations despite commodity cost pressures.

Nomura increased its price target to ₹2,070 from ₹1,926. It said Ather’s EBITDA margin, excluding other income, stood at 0.8%, beating its estimate of negative 2.6% and the consensus estimate of negative 2.7%. Stronger bookings and improved growth visibility following the Konarc launch were other positives.

Ather reported a consolidated net profit of ₹1.3 Cr in Q2 FY27 as against a loss of ₹154.1 Cr a year earlier, supported by stronger revenue growth, improving margins, and other income. It had posted a net loss of ₹51.1 Cr in the preceding quarter.

2 Cr. 8% in Q1 FY27.



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