HDFC Securities initiates Ather Energy with Buy rating, sees 31% upside
Ather Energy’s news roundup flags fresh HDFC Securities coverage, a projected 31% upside and an upcoming lock-in expiry affecting nearly 6% of shares, alongside Helios Fund buying activity after the EV maker’s muted IPO debut.
Ather Energy news roundup includes HDFC Securities initiating Buy coverage with 31% expected upside, lock-in expiry for nearly 6% of Ather shares, Helios Fund purchases, and commentary on its tepid IPO listing amid volatile Indian markets.
Why this matters
The initiation follows HDFC Securities’ June Buy call and comes after April IPO updates showing 28% overall subscription on Day 2 and 63% retail subscription on Day 1.
retail-company is accelerating, up 166,911% QoQ.