India, Aug. 8 -- Shares of EV major Ather Energy rallied 8.7% to hit an all-time high of INR 432.9 on the BSE today, defying the broader market downturn.

The stock later pared some gains, trading 5.61% higher at INR 418.75 on the BSE at 1:20 PM, taking the company's market capitalisation to INR 15,596.75 Cr. A total of 51.8 Lakh shares changed hands during the session by then.

At this point, both benchmark indices, the Sensex and Nifty50, were trading 0.6% below at 80,133.25 and 24,420.15 points, respectively.

Since announcing its Q1 results on August 4, Ather's stock has been on an upward run, climbing nearly 20% at the current market price.

In Q1 FY26, the company narrowed its net loss by 3% YoY and 24% QoQ to INR 178.2 Cr, while op...