HDFC Securities' June call: Ather Energy rated Buy, 31% upside seen
Resurfacing a June 2025 move, HDFC Securities had initiated or reiterated a Buy view on Ather Energy with an estimated 31% upside. The call came amid investor attention on post-IPO share lock-ins, institutional activity and potential EV supply-chain disruption from China's rare-earth export curbs.
Ather Energy received HDFC Securities' Buy rating with an estimated 31% upside. Related reports cover its lock-in share release, Helios Fund investment, tepid IPO listing impact, and risks to Indian EV production from China’s rare-earth export curbs.
Why this matters
The June Buy call follows Ather Energy’s April IPO-demand signals: the retail quota was 63% subscribed on Day 1 and fully subscribed by Day 2. Post-IPO share lock-ins and institutional activity remain investor focus areas.
The retail-company theme is accelerating, up 166789% QoQ.