New Delhi, Oct. 29 -- The key contenders in India's electric two-wheeler market, Ather Energy and Ola Electric, are now witnessing sharply different fortunes on Dalal Street.
Ather's market capitalisation has been lifted to approximately Rs 65,000 crore this week, putting it well ahead of rival Ola Electric. The divergence in valuations highlights how investor sentiment towards the two electric vehicle manufacturers has evolved as their financial performance and sales trajectories have taken different directions.
Ather Energy shares have gained around 20 per cent over the past week after the Bengaluru-based electric scooter maker reported a net profit for the first time in the September quarter. The rally has pushed the company's share pr...