HDFC Securities' June 2025 call resurfaces: 31% upside seen in Ather Energy; lock-in expiry and rare-earth risks loomed
Resurfacing a June 10, 2025 update, Ather Energy's post-IPO coverage included an HDFC Securities Buy call implying 31% upside. The April–June 2025 update also flagged potential lock-in share releases and the risk that China's rare-earth export curbs could disrupt Indian EV production.
Ather Energy news roundup covers HDFC Securities’ Buy rating and 31% upside estimate, IPO-listing commentary, potential lock-in share releases, and broader concerns that China’s rare-earth export curbs could disrupt Indian EV production.
Why this matters
The resurfaced research follows Ather Energy's IPO signals, where the retail tranche was fully subscribed on Day 2 while overall IPO subscription reached 28%.
retail-brand is accelerating, up 99,525% QoQ.