HDFC Securities' June call: Ather Energy started at Buy, 31% upside seen
Resurfacing a June 2025 move, HDFC Securities had initiated coverage of Ather Energy with a Buy rating and a target implying 31% upside. The call came amid investor attention on post-lock-in share supply, rare-earth sourcing risks for Indian EV makers and muted sentiment after Ather's market debut.
HDFC Securities initiated Ather Energy with a Buy rating and 31% upside target. Related reports flagged rare-earth export risks to Indian EV production, lock-in share releases, investor buying and weaker IPO sentiment after Ather’s tepid listing.