India's Ather Energy, in U-turn, drops 3% on first day of trading

Ather Energy

06/05/2025 06:27

** India's Ather Energy ATHR.NS open higher, but reverses to trade down nearly 3% in first day of trading

** The stock listed at 328 rupees on NSE, a 2.2% premium to its 321-rupee issue price

** Stock last trading at about 312.50 rupees

** Listing was along expected lines as issue was aggressively priced, especially when benchmarked against peer Ola Electric OLAE.NS, says Prashanth Tapse, senior VP (Research) at Mehta Equities

** More than 9 million shares changed hands as on the day

 (Reporting by Vivek Kumar M)

 ((VivekKumar.M@thomsonreuters.com;))