Nithin & Nikhil Kamath-Backed Stock Hits 52-Week High; Surges Over 24% in 4 Days
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Ather Energy shares surge over 24 per cent in four days, hitting a 52-week high amid strong revenue growth, aggressive expansion, and supportive EV policy tailwinds.
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In a market session marked by weakness and cautious sentiment, Ather Energy's share price stood out with a sharp rally, gaining over 9 per cent Intraday and hitting its 52-week high.
The sharp rally comes amid broader market pressure, highlighting the stock’s resilience and growing investor interest in the electric vehicle (EV) space.
Over the past few trading sessions, the stock has delivered exceptional gains. From a closing price of Rs 758.80 on April 7, it climbed to an intraday high of Rs 945.50 on April 13, marking a rise of Rs 186.70. This translates to an impressive gain of approximately 24.6 per cent in just four trading days, signalling strong momentum and sustained buying interest.
Revenue Growth and Expansion
The rally appears to be supported by solid business fundamentals. Ather Energy recently reported its highest-ever quarterly revenue of Rs 9,957 million in Q3 FY26, reflecting robust demand and improved execution. The company’s consistent growth trajectory is strengthening its position in India’s rapidly evolving EV ecosystem.
A key growth driver has been Ather’s aggressive expansion strategy. The company has significantly scaled its retail footprint, doubling its experience centres from 351 in FY25 to 700 in FY26. This rapid expansion indicates a strong push towards increasing accessibility and tapping demand beyond metro cities, further accelerating adoption.
At the same time, Ather is witnessing strong traction across the country, with rising market share across multiple regions. Increasing consumer awareness, improving charging infrastructure, and a gradual shift towards sustainable mobility are all contributing to the company’s nationwide growth.
Delhi EV Policy Adds Fresh Tailwinds
Adding to the positive sentiment around EV players, regulatory developments are also playing a crucial role. The Delhi government has released a draft policy proposing that all new two-wheelers sold in the city be electric by 2028. The proposal is currently open for public consultation for 30 days, after which the policy will be finalised. If implemented, this move could significantly accelerate EV adoption in one of India’s largest urban markets.
The proposed policy aims to tackle air pollution and reduce vehicular emissions, a major concern in the capital. To further encourage adoption, the government has suggested a 100 per cent exemption on road Tax and registration fees for new electric two-wheelers. Such incentives, combined with a regulatory push, are expected to create a favourable ecosystem for EV manufacturers such as Ather Energy.
About Ather Energy Ltd
Ather Energy is a pure-play electric vehicle company focused on electric two-wheelers and its connected ecosystem. The company designs and develops its products in-house in India, including software, charging infrastructure, and smart accessories.
It integrates technology, sustainability, and performance to offer a seamless and enhanced mobility experience to customers. Ather’s strategy is built on strong ownership of technology, with key hardware components and the entire software stack developed internally.
Ather Energy Ltd Share Price Performance
Ather Energy witnessed strong volatility in today’s session, even as the broader market remained under pressure. The stock opened flat at Rs 863.05, in line with its previous close, but quickly saw sharp buying interest.
During the session, it surged to an intraday high of Rs 945.80, indicating strong bullish momentum, before witnessing some profit booking. The stock also touched a low of Rs 855.40, highlighting wide intraday swings and active trader participation.
On a broader timeframe, the stock has delivered a solid 27.60 per cent gain on a year-to-date (YTD) basis. Kamath Associates held a 1.80 per cent stake in the company as of December 2025, reflecting continued backing from Nithin and Nikhil Kamath.
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Disclaimer: The article is for informational purposes only and not investment advice.