Ather Energy surged up to 8.1% to a fresh intraday record on the BSE, before settling higher. The rally followed Prime Minister Narendra Modi’s call for EV owners to use their vehicles more, amid West Asia tensions that have lifted crude prices and rattled broader market sentiment. The momentum also tracked Ather’s improved FY26 financials and positive broker outlooks.
Ola Electric shares have climbed more than 60% from recent lows after April registrations rose 20% month on month, lifting sentiment even as the overall EV market weakened. Still, analysts are cautious, pointing to slower-than-expected EV adoption and execution risks that could cap further upside despite the near-term positive read.
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