India's Ather Energy rises on auto insurance distribution plans

Ather Energy

19/12/2025 09:53

** Shares of Ather Energy ATHR.NS rise 6% to day's high of 703 rupees; highest intraday pct rise since November 11

** EV manufacturer plans foray into auto insurance, estimates initial investment of 80 million rupees ($887,237.64)

** Stock rated, on average, "strong buy" by 6 analysts; median PT at 770 rupees - data compiled by LSEG

** Stock up nearly 110% from May 6 debut listing price

($1 = 90.1675 Indian rupees)

 (Reporting by Mridula Kumar in Bengaluru)

 ((Mridula.Kumar@thomsonreuters.com;))