Ather Energy Hits 52-Week High After Hero MotoCorp Announces ₹1,000 Cr Investment

Shares of Ather Energy jumped more than 9% to touch an all-time high at ₹1,313.65 on the BSE during the intraday trading today after Hero MotoCorp approved an additional investment of up to ₹1,000 Cr (about $103 Mn) in the electric two-wheeler maker. The stock later pared some of its gains amid profit booking and was trading 7.2% higher at ₹1,290.50 at 10:41 IST. At the time, Ather’s market capitalisation stood at ₹49,602.2 Cr (about $5.1 Bn).