{
  "id": 16722823,
  "title": "Ather Energy Shares Jump 8% After HSBC, Nomura Raise Price Targets",
  "url": "https://urgent.news/2026/10/27/ather-energy-shares-jump-8-after-hsbc-nomura-raise-price-targets",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-27T06:25:55.000Z",
  "source": {
    "name": "Inc42",
    "slug": "inc42",
    "url": "https://inc42.com/buzz/ather-energy-shares-jump-8-after-hsbc-nomura-raise-price-targets/"
  },
  "original_language": "en",
  "account": "Shares of electric two-wheeler manufacturer Ather Energy surged by up to 8.1% on the BSE after HSBC and Nomura boosted their price targets, following the company's Q2 FY27 results. Trading at ₹1,680.60 at 11:28 IST, Ather's stock was up 6.8% by that time, valuing the company at ₹66,672.4 Cr ($6.9 Bn). This followed a 13.7% jump the previous day, when Ather shares closed 13.7% higher at ₹1,574 after the firm announced its Q2 FY27 results. HSBC and Nomura maintained their 'Buy' ratings, citing better-than-expected margins and stronger growth prospects, especially after the launch of Ather's Konarc scooter range. HSBC raised its price target from ₹1,600 to ₹1,800, while Nomura increased its target from ₹1,926 to ₹2,070. The brokerages highlighted Ather's strong performance, with EBITDA breaking even ahead of expectations, and an EBITDA margin of 0.8%, surpassing expectations and the consensus. Strong bookings and improved growth visibility following the Konarc launch were additional positives. Ather reported a net profit of ₹1.3 Cr in Q2 FY27, after a loss of ₹154.1 Cr the previous year, driven by higher revenue growth, improving margins, and other income. Operating revenue climbed 62.9% YoY and 20.3% QoQ to ₹1,464.2 Cr, with EBITDA at ₹74.2 Cr and a margin of 4.9%. CEO Tarun Mehta emphasized the focus on capacity expansion and sales growth over near-term net profitability, noting that some margin gains resulted from temporary measures like product mix changes and reduced incentives. Ather plans to invest ₹122 Cr to expand manufacturing capacity at its Hosur plant and Factory 3.0, increasing annual production to 2.25 Lakh units. The company also raised ₹1,300 Cr and ₹200 Cr in recent placements and allotments to finance the expansion.",
  "summary": "Shares of Ather Energy jumped as much as 8.1% to an intraday high of ₹1,702 on the BSE after HSBC…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "The Economic Times - Top News",
        "title": "Ather Energy shares jump 5%, extend rally to 20% in two days after Q2 results. Can the run continue?",
        "url": "https://urgent.news/2026/10/27/ather-energy-shares-jump-5-extend-rally-to-20-in-two-days-after-q2",
        "published": "2026-10-27T05:09:27.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}