HDFC Securities starts Ather Energy coverage with Buy rating, sees 31% upside
HDFC Securities has initiated coverage of Ather Energy with a Buy rating and 31% expected upside, adding an investor-market signal for the electric two-wheeler brand amid EV supply-chain and lock-in-expiry concerns.
HDFC Securities initiated Ather Energy coverage with a Buy rating and cited 31% expected upside. Archive reports also flagged lock-in share releases, IPO-market sentiment and potential Indian EV-production disruption from China’s rare-earth export curbs.
Why this matters
The call follows recent Ather Energy signals on a Buy recommendation amid lock-in expiry, EV supply risks, and renewed interest in the brand's IPO, listing and post-listing upside.
retail-company is accelerating, with 387333% QoQ growth.