- Summary:
- Ather's energy sharing price slides into the post-aPle as the investor's custody weighs EV stocks. Can bulls be restored after early losses?
Ather Energy (NSE: Athenerg), Bengaluru-based pioneer-based pioneer, has made the long-awaited public debut on May 6. But instead of a successful success, the company's stock fizzzled after an early pop, exposing the growing market doubt to the EV's high-burns.
The ₹ 2,981 Crore IPO is just -oversubscribe, and even in the background from heavy anchor investors such as the Abu Dhabi Investment Authority, Ather's first day at the bourses ended in frustration. After opening near ₹ 328, sharing drops more than 4% to close around ₹ 310. The red ink flowed as fast as the hype was gone.
Investors, who have kept stretching tech values and the capital of the EV's intensive characteristics, are quick to earn income. Ather is still deep in red in finance, and comparisons with the OLA Electric Down 36% because the list has only intensified doubts.
Ather's energy assessment
- Current price: ₹ 309.55, under post-list posting
- Immediate Support: ₹ 307.10 – Failure here can expose 300 next
- Resistance Levels: ₹ 313.00, ₹ 316.95, ₹ 321.20 – Each has attempts on intraday
See also
Outlook: Can Ather regain confidence in the investor?
Ather brand, product change, and roadmap making everything remains stable on paper. But in this market, the paper is not enough. Investors want visibility – not just in size, but in profitability. In heating the EV competition and investors demanding cleaner cap tables and path-to-profit stories, Ather has some convincing to do.
However, if the stock stabilizes above 307 and consumers re -enter, a grind up to ₹ 325– ₹ 333 is out of reach. But for now, entrepreneurs should expect volatility as the market examines how much it has faith in the next Gen of Indian mobility.
