Ather’s Affordable EV Announcement Triggers Market Rally...Technical Analysis:
Ather Energy has successfully broken above the key resistance level of ₹330 and is currently trading around ₹340. This breakout is supported by a noticeable surge in volume, confirming bullish momentum. The ₹330 level, which previously acted as a strong resistance, may now serve as a potential support in the event of a retest. Traders and investors can look for buying opportunities on dips near ₹330, while those already holding the stock are advised to continue holding for further upside.
Fundamental Analysis:
From a fundamental standpoint, Ather’s maiden quarterly results have been encouraging. The company reported a one-third increase in revenue, while its EBITDA loss narrowed to ₹172 crore, down from ₹239 crore in the same quarter last year. This marks a significant step towards operational efficiency and profitability.
Adding to the positive sentiment, Ather recently announced that it will unveil its new EL EV platform and upcoming concept models in August 2025. The highlight of this announcement is that the new scooter will be Ather’s most affordable offering, signaling a strategic push to expand market penetration and compete in the mass segment of the EV market.
Conclusion:
The breakout at ₹330, supported by improving financial performance and strong product pipeline news, suggests a bullish outlook for Ather Energy in the near term. Investors should monitor the ₹330 level for price retest and accumulation opportunities. Holding is recommended for existing investors, while fresh entries can be considered on technical confirmation around support zones.
Note: Due to ongoing global uncertainties, market conditions may remain volatile. Investors are advised to exercise caution and manage risk accordingly.
