Ola Electric and Ather Energy shares rally on distinct catalysts

Ola Electric and Ather Energy are companies that make electric two-wheelers.

Their shares went up during Thursday’s trading session.

Ola Electric’s share price rose after falling for three earlier sessions.

Some investors bought the stock because they thought it had become cheaper.

The company also recently opened dealer-run stores in several states.

Ather Energy’s shares rose after Nomura increased its price target for the company.

Nomura expects more people to choose electric two-wheelers.

It said better products, customer acceptance, lower ownership costs and government support could help the industry grow.