Ather Energy gets 31% upside call as 6% share lock-in expiry nears
HDFC Securities flags a Buy view on Ather Energy, citing EV-market potential and a 31% expected upside. Nearly 6% of shares are also set to exit lock-in, keeping the newly listed EV maker in focus amid cautious IPO-market sentiment.
Ather Energy archive highlights HDFC Securities’ Buy call citing EV-market potential and 31% upside, upcoming lock-in expiry for nearly 6% of shares, and Ather’s tepid IPO listing amid cautious Indian market sentiment.
Why this matters
The call follows Ather Energy IPO updates reporting full retail subscription by Day 2, including a 28% overall-subscription reading; attention now shifts to valuation and the nearing lock-in expiry.
retail-company is accelerating, up 308725% QoQ.