Ather Energy gets Buy call amid lock-in and supply-chain watchpoints
HDFC Securities has assigned Ather Energy a Buy rating, citing EV-market potential and 31% expected upside. Related coverage also flags post-lock-in share availability and rare-earth export risks for Indian EV production.
Ather Energy received a Buy rating from HDFC Securities, which cited EV-market potential and 31% upside. The page also covered its tepid listing, lock-in share expiry, Helios Fund investment, and rare-earth export risks to Indian EV production.
Why this matters
The call follows Ather Energy’s Rs 323.55 listing after a 1.43x-subscribed IPO and renewed attention to its May 2025 lock-in expiry. An April 2025 signal reported 28% Day-2 IPO subscription.
Retail-company is accelerating, up 388667% QoQ.