HDFC Securities starts Ather Energy coverage with Buy call, sees 31% upside
HDFC Securities has initiated coverage of electric-scooter maker Ather Energy with a Buy rating, citing India’s EV-market potential and projecting 31% upside. The scouted archive page also flags rare-earth supply risks, IPO lock-in expiry and institutional activity.
HDFC Securities initiated coverage of Indian electric-scooter maker Ather Energy with a Buy rating, citing EV-market potential and 31% expected upside. The archive also references rare-earth supply risks, IPO lock-in expiry and institutional investment activity.
Why this matters
The Buy initiation follows Ather Energy’s IPO subscription signals, including retail quota reaching 63% on Day 1 and total IPO subscription reaching 28% on Day 2. The coverage adds an analyst outlook to recent IPO-focused activity.
Retail-company signals are accelerating, up 206457% QoQ.