Ather Energy’s Maiden Quarterly Results Reflect Positive Momentum
Ather Energy recently reported its first quarterly results, showcasing a significant improvement in its financial performance. Revenue surged by approximately one-third, while EBITDA loss contracted to ₹172 crore from ₹239 crore year-on-year, indicating a clear path towards profitability.
On the technical front, Ather Energy’s stock is consolidating within a defined range, with the ₹330 level as a key resistance point. A sustained breakout above ₹330, accompanied by strong volume, could trigger a bullish continuation and offer a potential long trade opportunity. Traders should monitor price action closely around this level and confirm the breakout before entering long positions.
Ather Energy recently reported its first quarterly results, showcasing a significant improvement in its financial performance. Revenue surged by approximately one-third, while EBITDA loss contracted to ₹172 crore from ₹239 crore year-on-year, indicating a clear path towards profitability.
On the technical front, Ather Energy’s stock is consolidating within a defined range, with the ₹330 level as a key resistance point. A sustained breakout above ₹330, accompanied by strong volume, could trigger a bullish continuation and offer a potential long trade opportunity. Traders should monitor price action closely around this level and confirm the breakout before entering long positions.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.