India, Aug. 4 -- Shares of Ather Energy climbed as much as 18% to hit an all-time high at Rs.1,500 on the BSE today after the electric two-wheeler maker's strong Q1 FY27 earnings prompted a fresh round of bullish brokerage calls.

The stock later pared some gains amid profit booking and was trading 13.8% higher at Rs.1,449.80 apiece at 10:00 IST. Its market capitalisation stood at Rs.57,189.5 Cr (about $6 Bn) at the time.

Brokerages cited strong demand, improving profitability, manufacturing expansion and upcoming product launches as key factors underpinning Ather's long-term growth outlook.

CLSA maintained its 'Outperform' rating with a target price of Rs.1,600, saying strong volume growth, demand exceeding production capacity and marg...