Ather Energy shares jump 18% after Q1; Nomura stays bullish

Ather Energy shares surged 18% after the EV maker reported an 89% YoY rise in Q1 revenue and sharply narrowed its net loss to ₹51 crore. Nomura retained its Buy rating, raised the target price to ₹1,714, and continued to name Ather its top electric two-wheeler pick on improving margins.