Ather Energy gets Buy call as lock-in expiry and rare-earth risks shape outlook
HDFC Securities initiated a Buy call on Ather Energy with a projected 31% upside. Nearly 6% of shares were due to enter the market after the lock-in expiry, while China’s rare-earth export curbs remained a potential supply-chain risk for Indian EV makers.
Ather Energy received HDFC Securities' Buy rating with projected 31% upside. Its lock-in expiry was set to release nearly 6% of shares, while China’s rare-earth export curbs were flagged as a risk to Indian EV production.
Why this matters
The call follows signals on Ather Energy’s 63% Day 1 retail IPO subscription, muted ₹323.55 debut and continued investor focus on post-IPO execution and lock-in supply.
Retail-company signals are accelerating, up +255640% QoQ.