Ather Energy draws bullish brokerage call as lock-in expiry adds stock-market watchpoint
HDFC Securities initiated coverage on Ather Energy with a Buy rating and 31% expected upside, while the expiry of lock-in restrictions on nearly 6% of shares creates a near-term market liquidity and sentiment signal.
Ather Energy coverage includes HDFC Securities initiating a Buy rating with 31% expected upside, lock-in expiry for nearly 6% of shares, and EV-sector risks from China’s rare-earth export curbs affecting Indian vehicle makers.
Why this matters
The brokerage call follows Ather Energy's IPO demand signals: its retail quota reached 63% subscription on Day 1 and was fully booked as total IPO subscription reached 28% on Day 2.
Retail-company signals are accelerating, up 167144% QoQ.