Ather Energy's Buy call with 31% upside forecast resurfaces as lock-in shares turn tradable
Resurfacing a June 2025 move, HDFC Securities' initiation of Buy coverage on Ather Energy with an estimated 31% upside is back in focus. The EV maker also faces near-term supply-chain watchpoints from China's rare-earth export curbs, while shares released after lock-in expiry add a market-liquidity factor.
Ather Energy received HDFC Securities Buy coverage with projected 31% upside. Related reports flagged China’s rare-earth export curbs as a risk to Indian EV production and noted Ather shares becoming tradable after lock-in expiry.
Why this matters
The signal follows Ather Energy's IPO reaching 28% subscription on Day 2 with retail quota fully booked, and an earlier Buy-call signal ahead of post-IPO share supply.
Retail-company is accelerating, up +227133% QoQ.