Ather Energy hits record high, up 9%, as Hero MotoCorp approves Rs 1,000 crore investment
Ather Energy shares surged 9.2% to a record Rs 1,313.65 after Hero MotoCorp's board cleared an investment of up to Rs 1,000 crore ($103.95 million) via preferential allotment, deepening its stake in the EV two-wheeler maker. Market cap touched Rs 50,175 crore; Hero holds a 29.48% stake.
Ather Energy shares hit record high, up 9.2%, after Hero MotoCorp's board approved investing up to Rs 1,000 crore in the EV two-wheeler maker via preferential allotment, deepening its stake in the electric mobility segment.
Why this matters
Extends Ather's record-high run as Hero MotoCorp commits Rs 1,000 crore, echoing prior signals of Hero's investment via Ather's Rs 2,500 crore QIP and Ather's 52-week high.
Retail-company theme accelerating, up 795600% QoQ.