India's Ather Energy set for record closing after quarterly loss narrows

Ather Energy

04/08/2025 10:43

** Shares of Ather Energy ATHR.NS jump 11.1% to 386 rupees, set for record closing high

** E-scooter maker's Q1 loss narrows over the year earlier, helped by higher sales

** Hero MotoCorp-backed HROM.NS ATHR posts second consecutive quarter of narrowing losses

** Stock rose as much as 13.1% to record 392.9 rupees earlier in the session

** Over 4.6 mln shares traded, 5.5x the 30-day average volume

** Analysts tracking the stock rate it "strong buy" vs "hold" for larger rival Ola Electric OLAE.NS; median PT is 454.01 rupees - data compiled by LSEG

** ATHR up ~19% since listing on May 6, while OLAE down ~17% during the same period

(Reporting by Nandan Mandayam in Bengaluru)

((Nandan.Mandayam@thomsonreuters.com; Mobile: +91 9591011727;))