India's Ather Energy rises after Konarc electric scooter launch; brokerages hike PT

Ather Energy

31/08/2026 05:40

** Shares of electric vehicle maker Ather Energy ATHR.NS gains 2.4% to 1,655 rupees 
** ATHR launches Konarc electric scooter at its Community Day 2026 event at a starting price of 99,999 rupees ($1,047.82)
** CLSA raises PT to 1,850 rupees from 1,600 rupees; maintains "outperform" rating on stock
** Says Ather Konarc is one of the most feature-rich scooters in the segment, expects company to gain market share
** Emkay Global hikes PT to 2,200 rupees from 1,600 rupees, keeps "buy" rating
** Says Ather's stock price can potentially double from current levels over the next 3-4 years
** Says it prefers Ather due to its established brand and product, robust gross margin, and potential to gain market share as production on its EL platform, Ather's next-generation electric scooter architecture, scales up
** Stock has traded above its 50-day, 100-day simple moving avgs since March, indicating bullish sentiment
** Avg rating of 11 analysts covering the stock is "buy" and median PT is 1,506 rupees - data compiled by LSEG
** YTD, ATHR up ~119%


($1 = 95.4350 Indian rupees)

 (Reporting by Anuran Sadhu in Bengaluru)
 ((Anuran.Sadhu@thomsonreuters.com; +91 8697274436;))