Ather Energy Stock Skyrockets 9% After Hero MotoCorp Approves Rs 1k Cr Investment

Ather Energy stock rose up to 9.74% to a 52-week high of Rs 1,318.90 on the NSE after Hero MotoCorp approved an additional investment of up to Rs 1,000 crore in the company.

Hero MotoCorp’s Committee of Directors approved the investment, which involves subscribing to equity shares or other equity-linked securities of Ather Energy on a preferential allotment basis.

Hero MotoCorp held a 29.48% stake in Ather Energy as of June 30, 2026, and the post-transaction stake will depend on pricing and structure of the preferential issue.

Ather Energy reported a turnover of Rs 3,671.76 crore for the financial year ending March 31, 2026, up from Rs 2,255 crore the previous year.