Stocks to Buy: Emkay's new report on stocks that have gained 200% in 1 year - with another 32% expected to rise.:In its latest report, Emkay maintained a "Buy" rating on Ather Energy and raised its target price from ₹1,000 to ₹1,150. This target implies a potential upside of approximately 32% from current levels.

News Topical, Digital Desk : Brokerage house Emkay has once again expressed confidence in the shares of Ather Energy Ltd., a leading company in the electric two-wheeler segment. Despite a strong gain of nearly 200% over the past year, the brokerage expects further strong gains in this stock.

In its latest report, Emkay maintained a "Buy" rating on Ather Energy and raised its target price from ₹1,000 to ₹1,150. This target implies a potential upside of approximately 32% from current levels.

Strong bet on electric two-wheeler theme The brokerage believes that the auto sector is going to undergo a major shift towards electrification, which will be a structural trend. Emkay likens this to the shift from scooters to motorcycles in the 1990s. The ongoing crisis in West Asia and the fear of rising fuel prices could also accelerate demand for electric vehicles, benefiting companies like Ather.

Growth Outlook and Projections Emkay has raised Ather's FY27 and FY28 volume estimates by 2.6% and 4.6%, respectively. Furthermore, the company is considered a preferred stock due to its strong presence in the electric two-wheeler segment. The brokerage also noted that TVS Motor is a strong player in this sector, capable of capitalizing on changing consumer preferences.

Analysts also confident All nine analysts covering Ather Energy have a "Buy" rating on the stock. While consensus targets estimate an average upside of 3.5%, Emkay's target of ₹1,150 is the highest on the Street.

Stock Performance Ather Energy shares fell 4% to close at ₹871.8 on Wednesday, but despite this, the stock has gained nearly 20% so far this year and has gained nearly 190% in the last 12 months. Overall, strong sector trends, rising EV demand and positive brokerage outlook could make Ather Energy an attractive option for investors going forward.