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SUMMARY
HSBC estimates Ather’s sales volumes to consistently see an uptick on the back of increase in the number of stores
The brokerage expects Ather’s EBITDA loss margin to improve 110 bps QoQ and 420 bps YoY in Q2 due to better operating leverage
HSBC downgraded its rating for Ola Electric to ‘Reduce’ from ‘Hold’ earlier and cut TP to INR 45 from INR 55
Shares of EV maker Ather Energy
surged 7.8% to INR 678.50 to touch a fresh all-time high during the intraday…
