look news india
New Delhi: The craze of the electric vehicle (EV) sector is constantly increasing in the Indian stock market. Everyone wants to earn a big profit by spending their money in this future race. If you are also looking for a strong EV stock that can make a big splash in future, then this news is for you.
The country’s well-known brokerage firm HDFC Securities has relied on shares of Electric scooter-making Dhansu company Ather Energy (Eather Energy). And not only expressed confidence, but has also given a target price recommending to buy it, which can bring a smile on the face of investors.
Why did HDFC Securities like Ather shares?
Ather Energy is considered as ‘Amitabh Bachchan’ of premium and high-performance electric scooters in India. HDFC Securities believes that the company may show tremendous growth in the coming times. There are some concrete reasons behind this:
Ability to become market leaders: Aether is already a strong player in the premium segment. Now the company is further expanding its portfolio with the launch of family scooters such as Ather Rista, which will help it capture the large market.
Benefits of Government subsidy: The government is continuously offering subsidies and schemes to promote electric vehicles. Ether is fully prepared to take full advantage of these schemes, which will further increase its sales.
Strong charging network: Ather is not only selling scooters, but is also expanding its fast-charging grid (Atheric Grid) across the country. This strong infrastructure creates confidence in customers.
What should investors do? How much return?
HDFC Securities has rated the shares of Ather Energy, which means they are advising investors to buy shares.
Current Market Price (CMP): ₹ 165 (approx)
Target Price: ₹ 212
Potential Benefits: The brokerage firm estimates that the stock may jump up to 29% from here.
How long?: This target is given for the next 2 to 3 months (about 6-9 months).
Advice for investors:
It is important to note that investment in the stock market is risky. It is always a sensible decision to do research on your own before investing in any company and consult your financial advisor.
However, this report of a reputed company like HDFC Securities certainly holds Ather Energy in the list of shares worth seen in the upcoming festive season.