Key Events This Week
2 Feb: Q3 FY26 results show narrowing losses and revenue growth
3 Feb: Intraday high surge of 9.76% to Rs.654.6
4 Feb: Continued upward momentum with 2.99% gain
5 Feb: Further gains despite Sensex dip
6 Feb: Minor pullback closes week at Rs.705.50
2 February 2026: Q3 Results Narrow Losses, Spark Initial Volatility
Ather Energy commenced the week with a 2.30% decline to Rs.606.70, underperforming the Sensex’s 1.03% drop to 35,814.09. The company reported Q3 FY26 results indicating a narrowing of losses alongside a surge in revenue. While the improved top-line performance was a positive signal, the path to profitability remained unclear, tempering investor enthusiasm initially. The stock’s volume was modest at 108,782 shares, reflecting cautious trading amid mixed sentiment.
3 February 2026: Intraday Surge Propels Stock 11.47% Higher
On 3 February, Ather Energy staged a remarkable recovery, closing at Rs.676.30, up 11.47% on heavy volume of 742,931 shares. The stock opened with a gap-up, gaining 7.47%, and reached an intraday high of Rs.654.6, a 9.76% surge from the previous close. This rally outperformed the Automobile Two & Three Wheelers sector’s 2.71% gain and the Sensex’s 2.63% rise to 36,755.96. Technical indicators showed the price closing above its 5-day, 20-day, and 200-day moving averages, signalling short- and long-term momentum, though resistance remained at the 50-day and 100-day averages. The strong intraday performance reflected renewed investor confidence following the Q3 results.
4 February 2026: Momentum Continues with 2.99% Gain
The positive trend extended into 4 February as Ather Energy added 2.99% to close at Rs.696.50 on a volume of 231,789 shares. The Sensex also advanced by 0.37% to 36,890.21, but Ather Energy’s outperformance was notable. The stock maintained its position above key short-term moving averages, consolidating gains from the previous day. This steady rise suggested sustained buying interest despite a broadly cautious market environment.
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5 February 2026: Gains Persist Despite Sensex Dip
Ather Energy continued its upward trajectory on 5 February, rising 2.59% to Rs.714.55 on volume of 166,575 shares. This gain came even as the Sensex declined 0.53% to 36,695.11, highlighting the stock’s relative strength. The price reached the week’s highest close, reflecting strong demand. The stock’s technical positioning remained positive, though the broader market’s weakness suggested some caution among investors.
6 February 2026: Minor Pullback Closes Week at Rs.705.50
On the final trading day of the week, Ather Energy experienced a slight pullback, falling 1.27% to close at Rs.705.50 on volume of 103,883 shares. The Sensex edged up 0.10% to 36,730.20. This modest decline followed the prior day’s peak and may reflect short-term profit-taking. Despite this, the stock ended the week with a robust 13.61% gain, significantly outperforming the Sensex’s 1.51% rise from 36,185.03 to 36,730.20.
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Daily Price Performance: Ather Energy vs Sensex
| Date | Stock Price | Day Change | Sensex | Day Change |
|---|---|---|---|---|
| 2026-02-02 | Rs.606.70 | -2.30% | 35,814.09 | -1.03% |
| 2026-02-03 | Rs.676.30 | +11.47% | 36,755.96 | +2.63% |
| 2026-02-04 | Rs.696.50 | +2.99% | 36,890.21 | +0.37% |
| 2026-02-05 | Rs.714.55 | +2.59% | 36,695.11 | -0.53% |
| 2026-02-06 | Rs.705.50 | -1.27% | 36,730.20 | +0.10% |
Key Takeaways from the Week
Positive Signals: Ather Energy’s 13.61% weekly gain significantly outpaced the Sensex’s 1.51%, reflecting strong investor interest following improved Q3 results. The intraday surge on 3 February demonstrated robust buying momentum, supported by technical strength above key moving averages. The stock’s ability to maintain gains despite a volatile market and sector outperformance highlights resilience.
Cautionary Notes: Despite narrowing losses, the company’s path to profitability remains uncertain, which may temper longer-term optimism. The stock’s pullback on the final day suggests some profit-taking pressure. Technical resistance at the 50-day and 100-day moving averages could pose challenges for sustained upward movement. The Mojo Score of 24.0 and a ‘Strong Sell’ grade underline the need for caution given current fundamentals.
Conclusion
Ather Energy Ltd’s week was characterised by a sharp rebound from early weakness, culminating in a strong 13.61% gain that outperformed the broader market by a wide margin. The company’s Q3 FY26 results, showing revenue growth and reduced losses, provided a catalyst for renewed buying interest. The intraday rally on 3 February was a highlight, signalling short-term momentum. However, mixed technical signals and a cautious fundamental outlook suggest that investors should monitor resistance levels and profitability developments closely. Overall, the week’s price action reflects a stock in recovery mode amid a complex market environment.
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