Ather Energy draws Buy call as lock-in expiry puts more shares into market
HDFC Securities has initiated Buy coverage on Ather Energy with a projected 31% upside, while lock-in expiries could release nearly 6% of Ather Energy and Borana Weaves shares into the market.
Ather Energy news roundup includes HDFC Securities initiating Buy coverage with 31% expected upside, upcoming lock-in share releases, Helios Fund buying shares, and India EV-sector risks from China’s rare-earth export restrictions.
Why this matters
The signal follows Ather Energy coverage flagging analyst upside, rare-earth risk and lock-in expiry, alongside IPO updates showing the retail tranche fully subscribed on Day 2 after 0.24x subscription.
Retail-company signals are accelerating, up 199271% QoQ.