Pending — not yet graded
“Bullish on Ather Energy, raising its target price to ₹1,926 from ₹1,714, implying a 22% upside from Wednesday's close of ₹1,580. The brokerage expects the Konarc launch and faster electric-vehicle adoption to drive further upside, leading to increased FY28 and FY29 volume and revenue estimates. Nomura believes the premium valuation of 5x-7x Enterprise Value-to-Sales is sustainable.”
Nomura Analysis’s track record: 3 graded calls · 95% CI 6–79%
Ather EnergyBullishCalled 10 Sep 2026
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