Ather Energy News

The Indian stock market closed on November 24 with losses as tech stocks reversed sharply. The Nifty 50 fell to 25,959, dipping below 26,000, while the S&P BSE Sensex declined to 84,900, alongside losses in broader market indices.

The Indian stock market saw gains on November 11, with the Nifty 50 up 0.47% and Sensex 0.38% higher, driven by banking stocks. Mixed results were noted in broader markets, while optimism grew over potential US-India trade deals amid US Senate funding restoration.

The Indian stock market rose on October 27, with major indices increasing over 0.60% due to easing US-China trade tensions and expectations of a US Federal Reserve rate cut. The Nifty 50 closed 0.66% higher, while broader markets also advanced, led by the Nifty PSU Bank index.

Ather Energy and Ola Electric, both in the EV sector, showcase contrasting growth. Ather has seen a 132% rise since its IPO, driven by execution and brand positioning, while Ola has faced a 30% decline, struggling with operational challenges despite initial hype.

Ather Energy's stock surged 4% to a record high of ₹683.80, marking a four-day winning streak and trading 110% above its IPO price. The company currently ranks third in India’s electric two-wheeler market with a 17% market share in September 2025.

Ather Energy's stock has surged 8% to an all-time high of ₹679, driven by rising demand for electric two-wheelers. The company's market cap now exceeds Ola Electric's, reflecting its growing sales and positive market sentiment.

Ather Energy plans to expand its retail network to 700 Experience Centers in India by FY26, nearly doubling its footprint. The growth is driven by the success of the Rizta scooter, which has attracted new family buyers and increased sales significantly across key states.

Ather Energy share price is trading lower than its issue price as well as its listing price. The stock hit a record high of ₹342.95 apiece 21 May 2025, and a low of ₹287.30 apiece on 07 May 2025.