HDFC Securities starts Ather Energy at Buy, sees 31% upside
HDFC Securities has initiated coverage of Ather Energy with a Buy rating and projected 31% upside. The signal comes amid references to the EV maker’s muted IPO debut, a forthcoming lock-in expiry covering nearly 6% of shares and rare-earth supply risks.
HDFC Securities initiated Ather Energy with a Buy rating and 31% upside potential. The news archive also references its tepid IPO listing, upcoming lock-in expiry affecting nearly 6% of shares, and rare-earth export risks to Indian EV production.
Why this matters
Coverage follows prior signals on Ather Energy's June analyst-coverage resurgence, 28% Day 2 IPO subscription and approaching post-IPO lock-in shares, while rare-earth supply risks remain in focus.
retail-company is accelerating, up 404867% QoQ.