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via inc42.comMarkets

Ather Energy shares jump 8% after HSBC, Nomura raise price targets

FROM THE WIRE · INC42.COM

HSBC and Nomura retained their ‘Buy’ ratings and raised their price targets, citing better-than-expected margins and stronger growth prospects following the launch of Ather’s Konarc scooter range

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MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bullishPositive broker target upgrades with Buy ratings can support the stock in the short term.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01HSBC and Nomura kept Buy ratings and raised price targets.
  2. 02They cited better-than-expected margins and stronger growth prospects.
  3. 03The move follows the launch of the Konarc scooter range.

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