HDFC Securities starts Ather Energy coverage with Buy rating and 31% upside forecast
HDFC Securities has initiated coverage of Ather Energy with a Buy call, citing India’s electric two-wheeler opportunity. Related market updates flag IPO sentiment, lock-in expiries and potential supply-chain pressure from China’s rare-earth export curbs.
HDFC Securities initiated coverage of Indian EV maker Ather Energy with a Buy rating, citing EV-market potential and 31% expected upside. The news listing also references Ather’s IPO sentiment, lock-in expiry and risks to Indian EV production from China’s rare-earth export curbs.
Why this matters
The Buy call follows signals on Ather Energy’s April IPO subscription, including a fully booked retail quota, and later focus on its post-IPO share story and lock-in expiry.
Retail-company signals are accelerating, up 225417% quarter over quarter.