HDFC Securities initiates Ather Energy with Buy rating, sees 31% upside
A Financial Express archive cites HDFC Securities’ Buy initiation on Ather Energy with an estimated 31% upside, alongside IPO lock-in expiry updates and reports that rare-earth export curbs could disrupt Indian EV production.
Financial Express archive highlights HDFC Securities initiating Ather Energy with a Buy rating and 31% upside estimate, alongside IPO lock-in expiry updates and reports on rare-earth export curbs potentially disrupting Indian EV production.
Why this matters
The signal extends Ather Energy’s recent IPO pattern: Day 2 subscription reached 28% with retail fully subscribed, while a later lock-in expiry freed nearly 6% of shares.
Retail-company signals are accelerating, up 312250% QoQ.