- By Aditya Pratap Singh
- Mon, 13 Apr 2026 12:12 PM (IST)
- Source:JND
The shares of Electric scooter manufacturer Ather Energy Ltd rose over 7 per cent to a fresh high of Rs 924.35 in early trade on Monday amid sustained buying interest for the stock despite a highly bearish market. At the time of writing, the stock was trading at 923.10, up Rs 60.05 or 6.96 per cent. The scrip stated the session flat at Rs 863.05, Ather's shares skyrocketed amid a surge in volume.
The surge in the share price comes amid the proposed Delhi Electric Vehicle Policy (version 2.0). According to this policy, petrol two-wheeler registration will not be allowed in Delhi starting April 1, 2028. It also mandates that only electric two-wheelers be registered from the 2029 financial year onward.
Over 15 per cent rally in 5 trading sessions
The stock rallied over 15 per cent in the last five trading sessions. In a month, the stock soared over 30 per cent, and this year till date, the EV stock jumped over 25 per cent despite volatility in the stock market due to uncertain geopolitical concerns. The stock soared over 200 per cent in a year, while the shares rose 53 per cent in the last six months.
Stock Market Crash
The domestic stock market crashed after the US-Iran talks failed. At the time of writing, Sensex was trading at 76,762.29, down 787.96 points or 1.02 per cent. Nifty50 was quoted at 23,841.70, down 208.90 points or 0.87 per cent.
Disclaimer: This story is for informational purposes only. It should not be considered as investment advice.