Ather Energy gets Buy call as lock-in share releases approach
HDFC Securities initiated coverage on Ather Energy with a Buy rating and 31% expected upside, while coverage flagged lock-in expiries that could make nearly 6% of shares eligible for trading between April and June 2025.
What happened
HDFC Securities began Ather Energy coverage with a Buy rating and 31% expected upside. Coverage also flagged forthcoming lock-in share releases, tepid listing
Key facts
- 31% expected upside
- Nearly 6% of Ather Energy and Borana Weaves shares to become eligible for trading after lock-in expiry
Why this matters
Ather’s rising investor profile makes supply-chain partnerships—particularly for rare-earth inputs—and clear shareholder communication increasingly important ahead of lock-in expiries.