Ather Energy gets Buy call with 31% upside, amid supply and lock-in watchpoints
HDFC Securities has initiated coverage on Ather Energy with a Buy rating and projected 31% upside. The broader update set also highlights rare-earth supply exposure, share lock-in expiry and investor activity—factors likely to shape near-term sentiment around the EV maker.
HDFC Securities initiated Ather Energy coverage with a Buy rating and projected 31% upside. The news page also flags rare-earth supply risks for Indian EV makers, Ather share lock-in expiry, Helios Fund buying, and weak IPO-listing sentiment.
Why this matters
The signal follows prior coverage of Ather Energy's bullish analyst call ahead of post-IPO lock-in expiry and its retail IPO tranche reaching 63% subscription on day one.
retail-company is accelerating, up +400433% QoQ.