EV Stock to BUY: Brokerage sees 20% upside for this electric 2-wheeler stock on EV adoption wave - DETAILS - Markets | Latest News Updates

EV Stock to BUY: As electric vehicles continue to gain momentum, electric two-wheeler manufacturer Ather Energy remains in focus in the stock market. Brokerage firm Emkay has turned bullish on the stock, maintaining a “BUY” rating and highlighting that the E-2W (electric two-wheeler) segment is at an inflexion point.

Ather Energy Share Price Target 2026Emkay has assigned a price target of Rs 1,150 per share, implying an upside potential of around 20 per cent from current market levels. In the previous session, the company’s share price settled over 1 per cent lower at Rs 960.80 on the BSE. (Ather Energy Share Price)

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The brokerage believes that rising fuel prices have acted as a key catalyst for electric two-wheelers (E-2Ws). Emkay referred to its note titled “Fuel Price Fears Expediting EV Playbook; Ather Remains Top Pick.”

It further highlighted that a clear inflexion point is visible in the two-wheeler industry, with a faster shift in product mix toward electric vehicles. The E-2W industry has seen growth accelerate at around 44 per cent, 63 per cent, and 63 per cent in March, April, and May 2026, respectively. E-2W penetration stood at 10.7 per cent in June 2026, compared with 6.6 per cent in FY26.

Within the E-2W segment, Ather Energy has been a consistent outperformer, gaining market share. Its share stood at 16.5 per cent as of June 2026 month-to-date, compared with 14.5 per cent in June 2025.

The stock upside projected by the brokerage reflects continued investor interest in the company. The stock has delivered strong long-term returns while showing some short-term weakness.

The EV stock is down 6.48 per cent over one week and 4.14 per cent over two weeks. However, it has gained 8.60 per cent over one month, 22.67 per cent over three months, 29.92 per cent year-to-date, 37.49 per cent over six months, and 199.55 per cent over one year, indicating strong long-term momentum.

(Disclaimer: The above article is meant for informational purposes only, and should not be considered as any investment advice. ET NOW DIGITAL suggests its readers/audience to consult their financial advisors before making any money-related decisions.)

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