HDFC Securities starts Ather Energy at Buy, sees 31% upside amid EV supply risks
HDFC Securities initiated coverage on Ather Energy with a Buy rating and projected 31% upside. The call arrives as rare-earth export curbs raise production-risk concerns for Indian EV makers and Ather’s post-IPO trading remains under scrutiny following its lock-in expiry.
HDFC Securities initiated Ather Energy at Buy, projecting 31% upside. Related reports flagged rare-earth export curbs as a risk to Indian EV production, while Ather’s lock-in expiry and tepid IPO listing reflected volatile market sentiment.
Why this matters
The Buy call extends attention from Ather Energy’s IPO debut and lock-in timeline, plus prior signals tracking its listing, lock-in activity and post-listing upside calls.
retail-company is accelerating, up 386100% QoQ.