diff --git a/lisp/progmodes/bat-mode.el b/lisp/progmodes/bat-mode.el
index f4852fe5b6b..e06b8e830b9 100644
--- a/lisp/progmodes/bat-mode.el
+++ b/lisp/progmodes/bat-mode.el
@@ -84,11 +84,11 @@
          . 'bat-label-face)
         ("\\_<\\(defined\\|set\\)\\_>[ \t]*\\(\\(\\sw\\|\\s_\\)+\\)"
          (2 font-lock-variable-name-face))
-        ("%\\(\\(\\sw\\|\\s_\\)+\\)%"
+        ("%\\([^% \n]+\\)%?"
          (1 font-lock-variable-name-face))
-        ("!\\(\\(\\sw\\|\\s_\\)+\\)!"  ; delayed-expansion !variable!
+        ("!\\([^!% \n]+\\)!?"  ; delayed-expansion !variable!
          (1 font-lock-variable-name-face))
-        ("%%\\(?:~[adfnpstxz]*\\(?:\\$\\(\\(?:\\sw\\|\\s_\\)+\\):\\)?\\)?\\([]!#$&-:?-[_-{}~]\\)"
+        ("%%\\(?:~[adfnpstxz]*\\(?:\\$\\(\\(?:\\sw\\|\\s_\\|_\\)+\\):\\)?\\)?\\([]!#$&-:?-[_-{}~]\\)"
          (1 font-lock-variable-name-face nil t) ; PATH expansion
          (2 font-lock-variable-name-face)) ; iteration variable or positional parameter
         ("[ =][-/]+\\(\\w+\\)"