Pending — not yet graded
“Bullish on Ather Energy, maintaining a 'Buy' rating with a Street-high target price of ₹1,714. The company is Nomura's preferred pick in the two-wheeler EV space, with the upcoming EL platform launch and new manufacturing facility expected to be key growth catalysts. Q1 EBITDA margin of -2.7% was significantly better than estimates.”
Nomura Analysis’s track record: 3 graded calls · 95% CI 6–79%
Ather EnergyBullishCalled 04 Aug 2026
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