New Delhi, Oct. 8 -- Early investors in Ather Energy seem to be rejoicing, as their bets on the company have translated into substantial wealth creation. Since its market debut, the electric vehicle (EV) maker's stock has surged, fueled by rising demand for electric two-wheelers, expanding market share, and positive market sentiment around the sector, which led it to deliver massive returns to those who backed the company from the outset.

Continuing its bull run for the sixth consecutive session, Ather Energy stock surged another 8% in Wednesday's trade, October 8, hitting a fresh all-time high of Rs.679 apiece. This pushed its gains to 14.5% so far in the current month, building on a 26% surge in September.

Although Ather Energy's stoc...