Ather Energy shares jumped 18% to a fresh 52-week high of ₹1,500 on the National Stock Exchange, trading at ₹1,452.10 in early morning session.
The sharp repricing followed the company's disclosure of a significantly narrowed net loss for the quarter ended June 30, driven by robust sales of its Rizta scooter model.
This development extends a positive trend for the manufacturer, whose shares had previously surged nearly 4% to ₹1,125 earlier in the week.
The market reaction underscores growing investor confidence in the Indian electric vehicle sector, which has been buoyed by recent government policy approvals.
Ather Energy reported a net loss of ₹508.7 million for the quarter, a marked improvement that signals accelerating operational efficiency and demand strength.
This development extends a positive trend for the manufacturer, whose shares had previously surged nearly 4% to ₹1,125 earlier in the week.
The broader rally across Indian EV names reflects sustained optimism regarding the sector's growth trajectory and supportive regulatory environment.