HDFC Securities sees 31% upside for Ather Energy amid lock-in and EV supply risks
A Financial Express roundup cites a Buy call from HDFC Securities with an estimated 31% upside for Ather Energy. It also flags a forthcoming share lock-in expiry and rare-earth export risks that could affect India’s EV supply chain.
Financial Express’ Ather Energy news page highlights HDFC Securities’ Buy rating and 31% upside estimate, alongside reports on lock-in expiry, Helios Fund holdings, IPO-market volatility and rare-earth export risks to Indian EV production.
Why this matters
The call follows Ather’s reported 158% jump in paid scooter pre-orders and capacity expansion, alongside recent scrutiny of its Q1 performance versus Ola Electric and its April 2025 IPO retail subscription.
Retail-company signals are accelerating, up 202486% QoQ.