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Ather Energy jumps 8% to record high after Modi pushes cleaner mobility amid West Asia tensions
Business
Published on 11 May 2026
Investors cheered earnings gains and Modi’s EV usage nudge
Ather Energy surged up to 8.1% to a fresh intraday record on the BSE, before settling higher. The rally followed Prime Minister Narendra Modi’s call for EV owners to use their vehicles more, amid West Asia tensions that have lifted crude prices and rattled broader market sentiment. The momentum also tracked Ather’s improved FY26 financials and positive broker outlooks.
- Ather touched a fresh all-time high near ₹989 on BSE, later ending around ₹970
- Modi urged EV owners to use electric vehicles more to cut fossil fuel dependence
- Rally gained steam alongside Q4 FY26 loss decline and FY26 revenue growth
- EV peers also rose as geopolitical jitters lifted crude and sentiment shifted
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Inc42