The stock surged 20.15% to close at ₹8.17. Citi reaffirmed its buy rating on the stock with a price target of ₹12, while CLSA upgraded its rating to outperform and raised its price target to ₹10 from ₹6.
Ather Energy’s Rs 3,000-crore IPO achieved full subscription on its final day, driven by strong institutional demand, although grey market signals remained weak. Retail investors
Auto tariff relief in the US offers a temporary respite for OEMs, but inflationary pressures persist across sectors. Uncertainty looms, potentially leading to a demand
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