HDFC Securities initiates Ather Energy with Buy rating, cites 31% upside
HDFC Securities has initiated coverage of electric-scooter maker Ather Energy with a Buy rating, pointing to India’s EV-market opportunity and an estimated 31% upside. The coverage comes as investors track sector supply-chain risks and upcoming share lock-in expiries.
HDFC Securities initiated Ather Energy with a Buy rating and cited EV-market potential and 31% upside. The archive also flags rare-earth supply risks for Indian EV makers and Ather share lock-in expiries.
Why this matters
The initiation reinforces recent Ather Energy signals covering its May 2025 listing, EV growth prospects and supply-chain risk, while investor attention also turns to upcoming share lock-in expiries.
Retail-company signals are accelerating, up 391300% quarter over quarter.