HDFC Securities' June call on Ather Energy resurfaces: 31% upside seen; rare-earth curbs cloud EV outlook
HDFC Securities initiated a Buy view on Ather Energy back in June 2025, citing EV-market potential and projecting 31% upside — a call now resurfacing. Separately, China's rare-earth export curbs could pose a supply-chain risk for Indian EV makers and auto stocks.
Ather Energy received a Buy rating from HDFC Securities, which projected 31% upside on EV-market potential. The news roundup also flagged China’s rare-earth export curbs as a potential risk to Indian EV production and auto stocks.
Why this matters
The resurfaced June Buy call follows Ather Energy's April 2025 IPO retail tranche reaching 63% Day 1 subscription and a later signal on lock-in overhang and EV supply-chain risk.
retail-company is accelerating, up +166578% QoQ.