Ather Energy hits 52-week high on ₹2,500 cr fundraise plan and doubling EV sales
Ather Energy shares gained over 3% to a 52-week high of ₹1,242 after the EV maker clarified plans to raise up to ₹2,500 crore, including a ₹1,500 crore QIP. Momentum was backed by strong June retail sales of 31,230 units, up 95% YoY, as EVs crossed 12% of total vehicle retail. Market cap stands at ₹47,510.83 crore.
Ather Energy shares hit a 52-week high, gaining over 3%, after clarifying plans to raise up to ₹2,500 crore including a ₹1,500 crore QIP, alongside strong June EV retail sales nearly doubling YoY.
Why this matters
Extends Ather Energy's ~200% one-year rally, driven by record FY26 volumes climbing 69% to 262,942 units, wider margins and an expanded retail network. Fundraise and doubling sales reinforce the momentum.
Retail-company theme accelerating at +676400% QoQ.