HDFC Securities Initiates Coverage On Ather With ‘Buy’ Rating

Brokerage firm HDFC Securities initiates coverage on EV maker Ather with ‘Buy’ rating

HDFC sets the target price for Ather at INR 409, 30% up from its last close

Ather Energy’s stock jumped 2.32% intraday after rating

Brokerage firm HDFC Securities has initiated coverage on recently listed electric two-wheeler maker Ather Energy with ‘Buy’ rating. 

HDFC sets the target price for EV startup at INR 409, a 30% uptick from its last closing price (May 13) on the BSE. 

Following the rating, Ather Energy’s…