HSBC Initiates Coverage On Ather With ‘Buy’ Rating

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Shares of Ather Energy jumped almost 4% to INR 358.05 in the morning trade on the BSE after HSBC initiated coverage on the electric two-wheeler manufacturer with a ‘Buy’ rating. 

The brokerage gave Ather a target price (TP) of INR 450, a 30% upside from its last closing price. 

Calling it a good company in a tough industry, the brokerage report said that Ather’s product quality and technology leadership are difficult to replicate even for rivals with deep pockets. 

After the surge in its stock price, Ather’s market capitalisation…



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HSBC Initiates Coverage On Ather With ‘Buy’ Rating


Shares of Ather Energy jumped almost 4% to INR 358.05 in the morning trade on the BSE after HSBC initiated coverage on the electric two-wheeler manufacturer with a ‘Buy’ rating. 

The brokerage gave Ather a target price (TP) of INR 450, a 30% upside from its last closing price. 

Calling it a good company in a tough industry, the brokerage report said that Ather’s product quality and technology leadership are difficult to replicate even for rivals with deep pockets. 

After the surge in its stock price, Ather’s market capitalisation…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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