HDFC Securities' June call on Ather Energy resurfaces: Buy rating, 31% upside
Resurfacing a June 2025 initiation, HDFC Securities had started coverage of Ather Energy with a Buy rating and a projected 31% upside. The call came as EV makers faced potential supply-chain pressure from China's rare-earth curbs and ahead of a lock-in expiry affecting nearly 6% of Ather shares.
HDFC Securities initiated Ather Energy with a Buy rating and projected 31% upside. Separately, nearly 6% of Ather and Borana Weaves shares were due to become tradeable after lock-in expiry, amid EV supply concerns from China’s rare-earth curbs.
Why this matters
The resurfaced call follows signals on Ather Energy's April 2025 IPO retail subscription, including 63% on Day 1 and 28% by Day 2, while investor coverage has also highlighted upside, lock-in supply and rare-earth risks.
Retail-company signals are accelerating, up 256660% QoQ.