HDFC Securities' June call to initiate Ather Energy with Buy rating, sees 31% upside, resurfaces
A market roundup resurfaces HDFC Securities' June 17 initiation of coverage on Ather Energy with a Buy rating and 31% projected upside. It also highlights approaching lock-in expiries and the potential effect of rare-earth export curbs on India's EV supply chain.
HDFC Securities initiated Ather Energy coverage with a Buy rating and 31% projected upside. The roundup also flags upcoming lock-in expiries, Helios Fund purchases and rare-earth export curbs that could disrupt Indian EV production.
Why this matters
The resurfaced Buy call follows Ather Energy’s Day 2 IPO subscription update, when the retail tranche was fully booked, and aligns with recent coverage flagging an approaching IPO lock-in expiry.
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