Ather Energy's shares surged 17.45% over the week ending August 6, closing at ₹1,480.80 after reporting a strong Q1 FY27 performance on August 3, according to inc42.com. The stock hit a record high of ₹1,507.30 on August 6, making it the top performer among new-age tech stocks during the week.
The rally followed the company's robust quarterly earnings announcement, which boosted investor confidence. Other new-age tech firms such as Capillary Technologies and Urban Company also saw significant gains of 12.68% and 11.17%, respectively, after releasing their Q1 results. Ola Electric gained 6.18% during the week ahead of its earnings release. Meanwhile, several companies including RateGain, Lenskart, and Nykaa reached fresh 52-week highs.
This performance highlights the growing investor interest in electric vehicle makers and technology-driven startups amid the ongoing Q1 earnings season. Ather Energy's strong results contrast with some peers like MapmyIndia and ixigo, which saw share declines after their earnings reports. The sector-wide movements reflect the market's focus on profitability and growth metrics in the new-age tech segment.
Edtech firm Klassroom also entered public markets during the week, listing on the BSE SME platform with shares debuting at a 7% premium before closing slightly below the listing price. The Q1 earnings season will continue to shape investor sentiment across the sector as more companies disclose their financial results.