Ather Energy draws buy call as IPO lock-in and rare-earth risks shape outlook, resurfacing a June move
HDFC Securities initiated a Buy call on Ather Energy back in June 2025 with a projected 31% upside, while post-IPO share lock-in releases and China’s rare-earth export restrictions remain key variables for the EV maker and India’s supply chain.
Ather Energy received HDFC Securities' Buy rating with projected 31% upside. The archive also covers its post-IPO lock-in share release, Helios Fund investment, and risks to Indian EV production from China’s rare-earth export restrictions.
Why this matters
The resurfaced June Buy call follows April IPO updates showing 28% Day 2 subscription and a fully booked retail quota, after Ather Energy's Day 1 retail quota reached 63% subscription.
retail-company is accelerating, up 221550% QoQ.