Ather & Ola Electric: A Tale of Two Contrasting Rides

Ola Electric, Ather Energy shares rally upto 9%, what is driving EV stocks today?

Both stocks attracted significant trading activity, with Ola Electric volumes crossing 1,300 lakh shares and Ather Energy volumes exceeding 52 lakh shares

Why Ola Electric and Ather Energy shares are rising today? Explained

Ola Electric share price gained as much as 7.5%, touching an intraday high of ₹40.51 per share on NSE. Meanwhile, Ather Energy share price rallied nearly over 4% to ₹1,648.60 on 10 September.

Ather & Ola Electric: A tale of two contrasting rides

Ather Energy's stock price has significantly increased since its IPO. Ola Electric's shares are currently trading below their initial public offering price. Ather's average monthly sales have risen, while Ola's have declined sharply. Product development and management strategy differentiate these two electric scooter companies. Hero MotoCorp continues to invest in Ather, showing strong confidence in its future.

Ather Energy Share Price Rallies 4% After Nomura Raises Target, Maintains Bullish View

Nomura maintained its Buy' rating on Ather Energy shares and raised the target price to Rs 1,926 per share from Rs 1,714 earlier. It values Ather Energy at 5.5x FY29F EV/sales.