Ather Energy faces May lock-up expiry as HDFC Securities sees 31% upside
Coverage of Ather Energy points to a May share lock-up expiry that could make nearly 6% of shares eligible for trading. Separately, HDFC Securities has initiated a Buy view with 31% expected upside, while rare-earth export curbs remain a supply-chain risk for Indian EV makers.
Ather Energy coverage includes an HDFC Securities Buy rating with expected 31% upside, a May lock-up expiry affecting nearly 6% of shares, and analysis of China’s rare-earth export curbs threatening Indian EV production.
Why this matters
The signal follows Ather Energy IPO subscription updates showing 28% subscription on Day 2, a fully booked retail tranche, and 63% retail subscription on Day 1.
Retail-company signals are accelerating, up 258640% QoQ.