Institutional Surge in Ather Energy Institutional interest in the electric vehicle sector reached a fever pitch on February 11, 2026, as global giants **Morgan Stanley** and **Goldman Sachs** spearheaded a massive block deal for **Ather Energy**. These firms, alongside **Société Générale** and the **Abu Dhabi Investment Authority (ADIA)**, collectively acquired a **1.92% stake** in the Bengaluru-based EV manufacturer. The transactions involved the purchase of over **73.33 lakh shares** at an average price of **₹710** per share. The total deal value reached approximately **₹520.66 crore**, signaling strong conviction from foreign portfolio investors in the company’s long-term trajectory. The shares were offloaded by the **National Investment and Infrastructure Fund (NIIF)**, which exited its entire holding through these open market transactions. This move follows a previous divestment by NIIF in November 2025, where it sold a **3% stake** for **₹541 crore**. Domestic Sentiment and Market Participation Local institutional support remained robust as several leading mutual funds absorbed the supply. Notable buyers included **ICICI Prudential Mutual Fund**, **Tata MF**, **Invesco MF**, and **Motilal Oswal MF**. **Aditya Birla Sun Life MF** and **WhiteOak Capital MF** also participated in the buying spree, further diversifying Ather’s institutional base. Domestic mutual funds now hold an estimated **18.04%** of the company, reflecting a strategic pivot toward high-growth green mobility assets. Despite the high-volume activity, the stock experienced a slight cooling, closing at **₹716.25**, down roughly **1.5%** in a single session. Financial Turnaround and Revenue Milestones Ather Energy’s market momentum is supported by record-breaking quarterly performance. For the third quarter ending December 31, 2025 (Q3 FY26), the company reported its highest-ever revenue of **₹995.7 crore**, a surge of **53%** year-on-year. A critical highlight was the narrowing of losses. Net loss for the quarter shrank to **₹85 crore**, down from **₹198 crore** in the same period last year. This **57% reduction** in losses is attributed to: * **Record Sales Volume:** 67,851 units sold in Q3, up **50%** YoY. * **Margin Expansion:** Adjusted Gross Margins surged **111%** to **₹251.3 crore**. * **Non-Vehicle Revenue:** Software subscriptions and charging services now contribute **14%** to the total top line. Stock Performance and Market Position Ather continues to be classified as a "multibagger" success story. Even with recent price consolidations, the stock remains up approximately **126%** over the past year. Since its IPO, it has maintained a dominant position, trading significantly above its listing price with a 52-week range of **₹288** to **₹790**. The company currently commands a national market share of **18.8%** in the electric two-wheeler segment. In January 2026, it climbed to the **third position** in retail rankings, surpassing several legacy competitors. With a market capitalization of roughly **₹27,800 crore**, Ather is transitioning from a high-burn startup to a scale-focused manufacturer. Analysts maintain a **Strong Buy** consensus, with 12-month price targets reaching as high as **₹1,000**, implying a potential upside of over **16%** from current levels.