Automobile
Auto - 2 & 3 Wheelers
from 1,280 today
Ather logged a stellar 1Q, with revenue surging 89% yoy led by 81% yoy volume growth and ASPs up 4% qoq. We retain BUY on Ather and increase our TP by ~19% to Rs1,600 from Rs1,350, at 7x Jun-28E EV/S.
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