HDFC Securities initiates Ather Energy with Buy call, sees 31% upside
Financial Express’ Ather Energy news archive reports that HDFC Securities initiated coverage on the electric-scooter maker with a Buy rating and an estimated 31% upside. The archive also tracks post-listing lock-in share releases and EV supply-chain risks tied to China’s rare-earth export curbs.
Financial Express archive covers HDFC Securities initiating Ather Energy with a Buy rating and 31% upside estimate, alongside lock-in share releases, fund additions and risks to Indian EV production from China’s rare-earth export curbs.
Why this matters
The Buy initiation follows renewed attention on Ather Energy's April 2025 IPO, when its retail tranche was fully subscribed by Day 2 after overall subscription reached 28%. The archive also flags lock-in share releases and China-linked supply risks.
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