Ather Energy draws Buy call as lock-in expiry puts more shares into circulation
A Financial Express roundup flags HDFC Securities’ Buy initiation, with a projected 31% upside, alongside the expiry of lock-ins covering nearly 6% of Ather Energy and Borana Weaves shares. The reports also point to rare-earth supply concerns as an EV-sector sentiment watchpoint.
Ather Energy news roundup includes HDFC Securities initiating Buy coverage with projected 31% upside, lock-in expiry for nearly 6% of shares, and reports linking rare-earth export restrictions and its tepid IPO listing to India EV-sector sentiment.
Why this matters
The signal follows resurfaced April 2025 IPO subscription updates for Ather Energy, including 28% subscription on Day 2 and 63% retail subscription on Day 1.
Retail-company is accelerating, up 206086% QoQ.