Ather Energy Touches Fresh All-Time High, HSBC Raises Target Price To INR 700

HSBC estimates Ather’s sales volumes to consistently see an uptick on the back of increase in the number of stores

The brokerage expects Ather’s EBITDA loss margin to improve 110 bps QoQ and 420 bps YoY in Q2 due to better operating leverage

HSBC downgraded its rating for Ola Electric to ‘Reduce’ from ‘Hold’ earlier and cut TP to INR 45 from INR 55

Shares of EV maker Ather Energy surged 7.8% to INR 678.50 to touch a fresh all-time high during the intraday…