Ather Energy Share Price Rallies To 52-Week High After Konarc Electric Scooter Launch | Time To Buy? Check TP

Ather Energy Share Price Today: Shares of Ather Energy zoomed 4% to touch a fresh 52-week high during Monday's intraday trading session, after the launch of the Konarc electric scooter at its Annual Community Day held over the weekend.

Given the EV maker's established brand and product, robust gross margin, share-gain potential and EL platform scale-up, brokerage remained bullish on Ather Energy's share price outlook.

What Brokerage Has To Say On Stock Outlook?

Ather Energy's stock price can potentially double from current levels over the next three to four years, according to an Emkay Global report released on Monday. The massive turnout of more than 5,000 attendees at Ather Community Day, company's potential to support multiple formats and Konarc launch are among the key takeaways from the event, according to Emkay Global.

"We opt to play the E-2W theme via Ather (Yet another mega shift in motion; Ather the frontrunner), given its established brand and product, robust GM, and sharegain potential on EL platform scale-up."

Ather Energy Share Price Target

The brokerage maintained a 'Buy' rating on the EV stock with a target price of Rs 2,200 per share. "We retain BUY and raise TP by ~38% to Rs2,200 from Rs1,600, at 7x Sep-28E EV/S (like EIM's implied 7.5x EV/S for RE in its FY13-17 high-growth phase)."

Ather Energy Share Price Trend

The EV stock was trading 3.6% higher at Rs 1670 per share on BSE with a market capitalisation of Rs 65,904.03 crore at 11:09 am on Monday. The stock had touched its fresh 52-week high of Rs 1,678.30 per share today and an intraday low of Rs 1,626.40 per share. The stock has surged around 32% in a month and around 135% in six months. Its share price value has surged around 126% in 2026 so far.

Ather Energy Konarc Launch

Ather Energy is one of India's leading electric two-wheeler manufacturers and introduced Konarc on Saturday, August 29, at the fourth edition of Ather Community Day 2026. Ather Energy's Konarc comes with enhanced engineering and technology to a wider base of Indian riders.

It also offers a refined experience built around comfort, range, durability, and ease of ownership, as per the company. "Konarc will be available across the S and Z product lines, with six variants in total. The S line comprises four variants with IDC ranges of 100 km, 125 km, 161 km, and 200 km, while the Z line comprises two variants with IDC ranges of 125 km and 161 km," stated the firm in its press release.