21 Nov 2025 | 5 Mins Read
Ather Energy delivers multibagger return for promoters
Flipitmoney
Ather Energy's IPO has delivered multibagger returns, with its stock surging 116% over its issue price. Promoters Tarun Mehta and Swapnil Jain, who own 5.14% of the company, have seen their wealth skyrocket by 3,220%, from Rs 41.40 crore to Rs 1,368 crore. Analysts are positive on the stock, citing strong market share gains and cost control, with targets set at Rs 740 and Rs 790.