Ather Energy outperforms Ola Electric Mobility on profitability, says analyst
Ather Energy achieved net profit during the July–September 2026 quarter while Ola Electric Mobility faces demand contraction and cash burn, according to Mint.
Shares of Ather Energy and Ola Electric Mobility saw buying during early morning sessions following a recovery in the broader Indian stock market, according to Mint.
Ahead of the market close, Ather Energy shares were trading approximately 1.50 per cent higher, while Ola Electric Mobility shares rose by over 5 per cent.
Seema Srivastava, Senior Research Analyst at SMC Global Securities, said the structural dynamics of the Indian electric vehicle (EV) race inverted during the July–September 2026 quarter. She stated that Ather Energy achieved net profit, whereas Ola Electric Mobility continues to face massive demand contraction, customer service bottlenecks, and cash burn.
Srivastava noted that Ather Energy is a stronger candidate for re-rating than Ola Electric Mobility due to its profitability. She suggested Ather Energy is a robust option for long-term portfolios in the EV segment.
Mahesh M Ojha, VP of Research and Business Development at KC Securities, said Ather Energy shares have support at ₹1,680 and resistance at ₹1,820. He noted that if it breaks resistance, it may reach ₹1,880. Ojha advised shareholders to hold the stock with a stop-loss at ₹1,680.
Regarding Ola Electric Mobility, Ojha said the stock has support at ₹30.80 and resistance at ₹38. He suggested that if it breaks resistance, it could reach ₹45, advising investors to maintain a stop-loss at ₹30.80.