Ather Energy’s 130% stock surge leaves Tesla and BYD behind in 2026
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Ather’s shares have surged nearly 130% so far in 2026 and the rally continues to attract global investors, with BlackRock Global Funds acquiring less than 1% stake via open-market transactions Monday. In contrast, a Bloomberg gauge of 104 companies deriving revenues from EVs is down 1% this year, dragged by players such as Tesla Inc., BYD Co. and Xiaomi Corp. Backed by Hero MotoCorp Ltd., Ather designs, manufactures and services electric two-wheelers, and also operates a charging network. It is benefiting from India’s push to accelerate EV adoption in the world’s most populous nation. Shares of the Bengaluru-based company rose more than 36% last month, the most since its May 2025 initial public offering, as analysts bet on its growth prospects. This will double Ather’s addressable market, Nomura Holdings Inc. analysts including Kapil Singh wrote in a note. “Electrification is at an inflection point in India and Ather remains one of the best long-term plays in the two-wheeler segment,” they said. With a 440% rally since its listing, Ather is India’s best-performing debut for companies that raised $300 million or more via public offering in the last five years. Despite the surge, analysts remain bullish — all 14 of them tracked by Bloomberg recommend buying the stock. Axis Capital sees the stock surging to 2,100 rupees, a 22% upside from its closing price on Monday. “Ather’s stock price can potentially double even from current levels over the next three-four years,” Emkay analyst Chirag Jain said. “Ather’s pricing philosophy is to lower prices only by reducing its cost structure rather than stripping away features to avoid brand/quality dilution.” (What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2025, Share Market on Budget 2025 and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .) Subscribe to ET Prime and read the Economic Times ePaper Online.and Sensex Today. Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price (What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2025, Share Market on Budget 2025 and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .) Subscribe to ET Prime and read the Economic Times ePaper Online.and Sensex Today. Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price
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