Shares of Ather Energy are in focus after Nomura reiterated a positive view on the stock, citing continued strong operating performance and margin improvement.
Nomura maintained a Buy rating on Ather Energy with a target price of ₹812. The brokerage said the company’s impressive performance continues, with the Pro Pack driving both margins and market share. Nomura reiterated that Ather remains its top two-wheeler pick for 3QFY26.
The brokerage highlighted that EBITDA margin stood at -7.6%, significantly better than its estimate of -12.4%, supported by stronger gross margins during the quarter.
At the current market price of ₹610.00, Nomura’s target price of ₹812 implies an upside of around 33%.
Disclaimer: This article is based solely on brokerage commentary. The views expressed are those of Nomura and do not constitute investment advice or recommendations by the publication.
