Resurfacing a June move: HDFC Securities had started Ather Energy at Buy, seeing 31% upside
HDFC Securities initiated coverage of Ather Energy with a Buy rating and 31% expected upside back on June 10, 2025. The April–June roundup, now resurfacing, also highlighted potential EV production risk from China's rare-earth export curbs and the expiry of a share lock-in period.
HDFC Securities initiated Ather Energy with a Buy rating and 31% expected upside. The roundup also flagged China’s rare-earth export curb as a risk to Indian EV production and noted Ather shares becoming eligible for sale after lock-in expiry.
Why this matters
The resurfaced June Buy call follows recent Ather Energy IPO signals, including 28% Day 2 subscription and a fully booked retail tranche.
retail-company is accelerating, up 402767% QoQ.