Tata AIG Life Insurance Company was the biggest buyer amongst them, picking up 13.77 lakh shares of Ather Energy for Rs 97.8 crore, followed by ICICI Prudential Mutual Fund which bought 11.26 lakh shares worth Rs 80 crore.
Stocks to Watch, 11 Feb: Stocks like Titan Company, Apollo Hospitals Enterprise, Eicher Motors, Grasim Industries, Britannia Industries, Oil India, Jubilant Foodworks, Torrent Power, Karnataka Bank, HEG, EIH, Power Mech Projects, Som Distilleries & Breweries, Afcons Infrastructure, and TVS Supply Chain Solutions will be in focus on February 11.
Stocks to Watch, 03 Feb: Stocks like UPL, PB Fintech, Awfis Space Solutions, Thermax, Indus Towers, Paradeep Phosphates, Akzo Nobel India, Aarti Industries, Chalet Hotels, Honeywell Automation India, PG Electroplast, and Aditya Birla Lifestyle Brands will be in focus on February 3.
Revenue from operations rose 50% year-on-year to Rs 953.6 crore, compared with Rs 634.9 crore a year earlier
The company says the price increase is linked to higher raw material, forex and electronics component costs.
The move is part of its broader strategy to build an integrated ecosystem around its electric two-wheelers.
Stocks to Watch, 14 November: Stocks like Tata Motors, Hero MotoCorp, LG Electronics India, Apollo Tyres, Sonata Software, National Securities Depository, PG Electroplast, Akums Drugs, Bharat Dynamics, Orkla India, Jubilant Foodworks, Vishal Mega Mart, Muthoot Finance, Dollar Industries, Dilip Buildcon, Tega Industries, KRBL,and Sagility will be in focus on November 14.
Ather Energy shares rose 1.7 percent to Rs 639.15 and have remained range-bound for over a week.
A snapshot of how the two electric scooter makers stacked up this quarter across key financial and business metrics.
Stocks to Watch, 11 November: Stocks like Bajaj Finance, Vodafone Idea, Baazar Style Retail, Bajaj Consumer Care, Gujarat Gas, Triveni Turbine, Jindal Stainless, Power Mech Projects, Ather Energy, Vikran Engineering, Sula Vineyards, Syrma SGS Technology, Doms Industries, Alkem Laboratories, and Dr Reddy’s Laboratories will be in focus on November 11.
Ather’s net loss for the quarter stood at Rs 154 crore, narrowing from a loss of Rs 197 crore in the same quarter last year.
Tiger Global, through its affiliate Internet Fund III Pte Ltd, sold a little over 1.93 crore equity shares at prices between Rs 620.45 and Rs 623.56 apiece.
Global investors like Abu Dhabi Investment Authority, Citigroup, Societe Generale, Goldman Sachs, and Morgan Stanley as well as domestic institutional investors like HSBC MF, Kotak Mahindra MF, SBI MF, HDFC Life, and Aditya Birla Sun Life AMC were buyers for the 3.45 percent stake in RBL Bank.
HDFC Securities reiterated 'buy' on the stock and considers Ather Energy as top pick and gave a price target of Rs 748 per share
Ola Electric shares hit an intraday high of Rs 61.88 apiece, while Ather Energy shares hit an all-time high of Rs 512.80 apiece, as seen at 12.50 am.
Ather has introduced BaaS, expanded its buyback programme and launched an extended warranty scheme.
Ather Energy share price: HSBC expects technology and distribution expansion to drive further market share gains.
The partnership will aim to accelerate the growth of clean mobility and advanced manufacturing sectors.
The electric two-wheeler race tightens as competition heats up
Ather Energy's revenue from operations grew 29 percent to Rs 676 crore in the quarter under review. The same was reported at Rs 523.4 crore in the year-ago period.
Ather Energy board has informed that a board meeting will be held on 12th May to consider and approve the financial results for the quarter and year ended March 2025.
Analysts believe Ather Energy IPO was aggressively priced, especially when benchmarked against peer OLA Electric. However, continued downward pressure could make it more attractive to value-conscious investors.