Ather Energy Shares Rise 5% After Q2 Profit Report
Ather Energy shares rose 5% on Tuesday, extending a two-day rally to 20%, after the electric two-wheeler maker reported its first quarterly profit of Rs 1.26 crore in Q2 FY27. Revenue increased 63% year-on-year to Rs 1,464 crore, and EBITDA turned positive. Nomura raised its target price to Rs 2,070 and maintained a Buy rating.
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