Branch² Intelligence
Nomura sees 22% upside in Ather Energy. Here's why it's the brokerage's top EV pick
Key takeaway
Nomura upgrades Ather Energy to 'Buy' with target ₹1,470, citing 22% upside and strong EV adoption tailwinds.
- Step 1Nomura upgrades Ather Energy to 'Buy' with target ₹1,470, signaling strong institutional conviction.
- Step 2Positive sentiment lifts Ather's stock and may attract more investor interest, enabling cheaper equity financing for expansion.
- Step 3Ather's increased production and market share pressure competitors (Ola Electric, Bajaj Auto) to invest more in EV R&D and pricing, compressing margins industry-wide.
- Step 4Suppliers to Ather (e.g., battery makers, component manufacturers) see order growth, but may face margin squeeze as Ather pushes for cost reductions.
Source: LiveMint Markets
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