Archive · 17 Jun 2025
HDFC Securities Initiates Coverage on Ather Energy: Buy Call
HDFC Securities, a financial company, thinks Ather Energy, which makes electric scooters, is a good investment.
They believe the company will do well as more people start buying electric vehicles.
HDFC Securities expects Ather to grow a lot by adding many new stores.
They also like that Ather focuses on making great products and invests in research.
Because of these things, the financial company thinks Ather Energy's stock price will go up.
HDFC Securities initiated coverage on Ather Energy with a 'Buy' rating.
The brokerage has a target price of Rs 409, with a potential upside of nearly 31%.
HDFC Securities anticipates Ather Energy to be a key player in the EV transition.
Key factors include dealership expansion, a product-focused approach, and R&D investment.
The firm projects Ather's EV 2W market share to reach 25.2% by FY40.
- Who
- HDFC Securities and Ather Energy.
- What
- HDFC Securities initiated coverage on Ather Energy with a 'Buy' rating.
- When
- The timing of the initiation is not specified in the provided text.
- Where
- The location of HDFC Securities and Ather Energy's operations is not specified.
- Why
- HDFC Securities believes Ather Energy is positioned for growth in the EV market due to its product focus, dealership expansion, and investment in R&D.
- Rating
- 'Buy'
- Target Price
- Rs 409
- Potential Upside
- Nearly 31%
- Market Share Projection (FY40)
- 25.2%
- Dealership Expansion (FY26)
- Approximately one new dealership a day
- R&D Investment
- Rs 750 crore from IPO proceeds