HDFC Securities sees 31% upside in Ather Energy, citing India EV demand potential
HDFC Securities has initiated a Buy view on Ather Energy with an expected 31% upside, while investor attention also turns to post-IPO trading and an upcoming lock-in share release.
Ather Energy received a Buy rating from HDFC Securities, which cited India’s EV-market potential and projected 31% upside. The archive also covers Ather’s tepid IPO listing, upcoming lock-in share release and investor additions.
Why this matters
The Buy initiation follows Ather Energy's Day 2 IPO subscription update and recent analyst scrutiny of lock-in releases and rare-earth risks, adding a valuation view to the brand's post-IPO investor narrative.
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