Ather Energy draws Buy call as share lock-in expiry approaches
A Financial Express roundup cites HDFC Securities’ Buy rating on Ather Energy, with 31% projected upside, while flagging an upcoming lock-in expiry involving nearly 6% of shares. The coverage also notes Ather’s muted IPO debut amid a softer Indian listings market.
Financial Express’ Ather Energy roundup cites HDFC Securities’ Buy call with 31% upside, lock-in expiry for nearly 6% of shares, and Ather’s tepid IPO listing amid a weaker Indian IPO market.
Why this matters
Follows signals on Ather Energy’s post-IPO valuation, lock-in risk and EV supply exposure, plus April 2025 reports that its IPO was 28% subscribed on Day 2 and retail was fully subscribed.
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