New Delhi, Oct. 16 -- It was another bullish day for Ather Energy, as the stock advanced 7.5% to hit a record high of Rs.683.80 apiece on heavy volumes. The rally marked a four-day winning streak, pushing the stock to trade 110% above its IPO price of Rs.321.

The stock of the electric two-wheeler maker has been on an upward trajectory over the last four months, closing each of those months higher. The momentum has further extended into October, with the stock gaining another 19% so far.

Fueled by rising demand for electric two-wheelers, expanding market share, and positive sentiment around the EV sector, Ather Energy has emerged as one of the top-performing auto stocks this year. The rally has also pushed Ather's market capitalisation p...