India, July 6 -- The shares of this this mid cap company majorly engaged in design, development,in-house assembly of electric scooters, battery packs, charging infrastructure, and supporting software systems were in focus after the company plans for a QIP to support its business expansion

With the market capitalization of Rs. 43,069 Crores, the shares of Ather Energy Ltd were trading at around Rs. 1124 per share which is 4 percent discount from its 52 week high of Rs. 1174 and has delivered negative ROCE and ROE of 19.8 percent and 33.4 percent respectively.

What is the NEWS Ather Energy is planning to raise about $200 million through a Qualified Institutional Placement (QIP). The timing of the issue could be as early as next week, de...