HDFC Securities initiates Ather Energy coverage, sees 31% upside
HDFC Securities has started coverage on Ather Energy with a Buy rating and an estimated 31% upside, citing the electric two-wheeler maker’s potential in India’s expanding EV market.
HDFC Securities initiated Ather Energy coverage with a Buy rating and 31% expected upside, citing EV-market potential. The news page also references Ather’s IPO listing, a June 2025 lock-in share release, and fund buying activity.
Why this matters
HDFC Securities coverage follows Ather Energy’s IPO retail interest: its retail portion reached 63% subscription on Day 1, while an April 2025 update reported 28% subscription on Day 2 and a fully booked retail quota.
retail-company is accelerating, up 573400% QoQ.