Resurfacing HDFC Securities' June call: Ather Energy initiated with Buy rating, 31% upside seen
HDFC Securities had started coverage of Ather Energy with a Buy call and a projected 31% upside back in June 2025. Related May–June updates flagged the company’s post-IPO trading, an upcoming lock-in expiry affecting nearly 6% of shares and rare-earth supply risks for the EV sector.
HDFC Securities began Ather Energy coverage with a Buy rating and 31% projected upside. Page updates also covered Ather’s IPO listing, forthcoming lock-in expiry for nearly 6% of shares, and EV-sector risks from China’s rare-earth export curbs.
Why this matters
The June Buy call aligns with recent Ather Energy signals on 31% analyst upside, a nearly 6% lock-in expiry and rare-earth risks, following April IPO updates showing 28% Day 2 subscription and a fully booked retail quota.
retail-company is accelerating, up 165644% QoQ.