HDFC Securities flags 31% upside potential for Ather Energy
Financial Express archive coverage says HDFC Securities initiated a Buy view on Ather Energy, citing India’s EV-market opportunity and potential 31% upside. Related coverage also highlights rare-earth supply exposure and an upcoming share lock-in expiry.
Ather Energy received a Buy rating from HDFC Securities, which cited India’s EV-market potential and 31% expected upside. The archive also flags rare-earth supply risks for Indian EV makers and Ather share lock-in expiry developments.
Why this matters
The Buy initiation follows resurfaced April 2025 IPO signals showing 28% Day 2 subscription with retail fully booked and 63% retail subscription on Day 1.
Retail-company signals are accelerating, up 165833% QoQ.