EV STOCKS
Chorus grows for angel tax repeal; policy push for EVs
Startup Inc’s calls to do away with angel tax have found support from the government. This and more in today’s ETtech Top 5.
Why did Elon Musk warn Bill Gates? Will he be able to annihilate Microsoft's founder? Know controversy in detail
Elon Musk hopes that he will be able to transform Tesla into an AI giant with a net worth of $30 trillion and he wants to change from selling EVs to operating a lucrative fleet of robotaxis and humanoid robots.
£315,000 Ferrari supercars growl a warning for EVs
Since going public in 2015, the Italian company has expanded both the volume and variety of cars it sells, while preserving exclusivity by raising prices, restricting who can order vehicles and resulting in long waiting lists. Around three-quarters of its cars are purchased by existing clients, while almost half the company’s vehicle sales are hybrids.
TRADERS’ CORNER: Auto ancillary focussed on EV trying to jump 5% and mid cap software stocks for 7% rise
The markets had a trending start to the fresh week; after a muted start, the Nifty went on to close near its high point of the day. Following a flat start, the Nifty 50 index formed the low point of the day in the early minutes of the session. After that, the Index kept inching higher throughout the session. Although the markets did come off slightly from their high point, they were able to protect the bulk of their gains. The headline index closed with a net gain of 131.35 points (0.55%)
Tesla deliveries set to fall for second straight quarter
The company is expected to deliver 438,019 vehicles for the April to June period, according to an average estimate based on forecasts from 12 analysts polled by LSEG, seven of whom slashed their expectations in the past three months. The EV maker is expected to announce the results on Tuesday.
Hot Stocks: 3 stocks that may give returns between 16-33%
Shivalik Bimetal Controls, Ethos, and PNB Housing Finance show promise with strategic initiatives for growth and margin sustenance despite challenges. Analysts recommend these stocks with potential upsides ranging from 16% to 33%.
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Rivian jumps 36% as $5 bln Volkswagen investment signals 'vote of confidence'
The investment is set to reinforce Rivian's dwindling cash reserves, push the startup nearer to profitability, and enhance its competitive stance in a market led by Tesla. As part of the agreement, Rivian will establish a joint venture with Volkswagen that is equally managed by both companies. This partnership will involve sharing electric vehicle architecture and software, which could later be utilized by Volkswagen's brands such as Audi, Porsche, and Lamborghini.
From $25,000 to $2.5 million in one day. How a man earns 100 times his investment overnight? Insider trading or market sentiment?
Was there some foul play like insider trading involving Rivian’s stock or the sentiment was so high that it resulted in a mind-blowing gain? Know in detail.
Better to own a set of stocks from the digital ecosystem rather than betting on one stock? 15 stocks with upside potential of upto 48%
Few day’s back there was an issue with the telecom provider and the services stopped for some time. Now which would be the companies which got impacted the most, the telecom service provider, the answer is no. As a customer one would not get any reduction in the monthly billing because services were down for some time. The companies which may have got impacted would be a platform company on which one orders food, such as a swiggy or zomato. The reason, in the peak time of demand, a customer is not able to order food online due to internet service being down, that demand will not come back when the internet is back. But the other platform company which sells insurance was also not impacted. The reason is, if one was planning to buy an insurance policy and there is no internet, the demand will get postponed not get extinguished. The digital ecosystem is making things simple but it is yet complicated when it comes to investing.
Volkswagen's $5 billion investment in Rivian boosts EV maker's shares
Rivian secures vital funding through Volkswagen's investment, enabling the launch of new EV models. The partnership signifies a significant step towards technological advancement and financial sustainability in the competitive electric vehicle market.
Market Moves: Ashi Anand’s take on Indian IT and auto sectors
Ashi Anand, Founder and CEO of IME Capital, provides an in-depth analysis of the Indian IT and auto sectors. Anand highlighted the persistent strength in deal wins across IT companies despite weaker-than-expected revenue growth, attributing this to reduced discretionary spending.
Groww Mutual Fund files draft documents for Nifty EV & New Age Automotive ETF
Groww Mutual Fund has filed draft documents with Sebi for Nifty EV & New Age Automotive ETF. Groww Nifty EV & New Age Automotive ETF will be an open-ended scheme replicating/tracking Nifty EV and New Age Automotive Index - Total Return Index.
Godawari Power & Ispat announces Rs 301 crore buyback, shares surge 6%
Godawari Power & Ispat shares surged 6% on BSE to an all-time high after approving a Rs 301 crore share buyback. Som Distilleries shares dropped 16% due to a Madhya Pradesh plant issue.
Nomura raises M&M stock target prices, sees upside potential of 13.5%
Global brokerage firm Nomura has increased the target price for Mahindra & Mahindra (M&M) shares to Rs 3,374 from an earlier Rs 2,929 as the company has set bold targets across the group to scale up over FY25-30.
Musk plans stock option grants to Tesla's high-performers: Report
Elon Musk plans to introduce stock-based compensation at Tesla following shareholder approval of his $56 billion pay plan. The company aims to provide stock option grants for exceptional performance and award spot option grants for outstanding contributions amidst sales slowdown and intensifying price competition from Chinese rivals.
Smallcap EV stock surges 20% after winning a billion-dollar Philippines deal
Shares of small-cap EV manufacturer Wardwizard Innovations and Mobility (WIML) soared by 20% on the BSE during Monday's trading session, reaching the day’s high of Rs 62.71. This surge was fueled by the company's announcement of securing a $1.29 billion contract from a Philippines-based company, Beulah International Development Corporation.
In a 1st, NSE drives in EV stocks index
The top five constituents of the index are Bajaj Auto, Tata Motors, M&M, Maruti Suzuki India and Exide Industries, the index's fact sheet showed.
Series AA 127- The EV transformation-Part 1: How a multibagger got fresh tailwinds & gave 22,334% return in the last 20 years
Excerpts from its annual report for 2017-18. ELECTRIC VEHICLES – THE NEW MARKET DISRUPTOR “We are anticipating the next market disruption through electric vehicles. We are closely reviewing and watching the situations and doing our ground level work. We are also mapping all of our existing products vis-à-vis EV to capitalise on the opportunities EV will throw at the component manufacturers, whether it is motors, batteries or any other system which will come into the electric vehicles, totally different from the conventional IC engine” Cut to August 2023, five years down the line, the company commissions two plants for making on-board charger, off-board charger, motor control Units, DCDC converters, battery management systems, and more products catering to EV 2-wheelers and 3-wheelers. Now this is a reflection of the speed at which an auto ancillary company needs to function and also the product range it needs to have if it has to stay relevant in the changing world of the auto Industry. Foresight, planning and timely execution is the key.
Not so well known stakeholders of EV ecosystem: 8 stocks that don't come instinctively, 3 with an upside potential of more than 18%
We also have a whole list, but we have separated the eight companies, just because these companies are not the names which one would instinctively think about and probably they may have more to go as they form this index.
NSE launches new EV index, Tata Motors among top 10 stocks
The new Nifty EV & New Age Automotive index, launched by the NSE, aims to track the performance of companies active in the electric vehicles (EV) and new-age automotive segments. This includes manufacturers of electric and hybrid vehicles, hydrogen fuel-based vehicles, green hybrid vehicles, electric batteries, and components. Additionally, it encompasses companies producing or supplying raw materials relevant to EV and autonomous vehicle technologies, as well as, those building autonomous vehicles and supplying related technologies. Here are the top 10 stocks in the new EV index based on weightage:
Series AA 127- The EV transformation - Part 1: How a multibagger got fresh tailwinds & gave 22,204% return in last 20 years
Below are the excerpts from its annual report of 2017-18. ELECTRIC VEHICLES – THE NEW MARKET DISRUPTOR | “We are anticipating the next market disruption through electric vehicles. We are closely reviewing and watching the situations and doing our ground level work. We are also mapping all of our existing products vis-à-vis EV to capitalise on the opportunities EV will throw at the component manufacturers, whether it is motors, batteries or any other system which will come into the electric vehicles, totally different from the conventional IC engine.” Cut to August 2023, five years down the line, the company commissions two plants for making on-board charger, off-board charger, motor control Units, DCDC converters, battery management systems, and more products catering to EV 2-wheelers and 3-wheelers. Now this is a reflection of the speed at which an auto ancillary company needs to function and also the product range it needs to have if it has to stay relevant in the changing world of the auto Industry. Foresight, planning and timely execution is the key.
Mother set of Multibaggers: Evolution of EV ecosystem and emergence of new winners from auto ancillary space
Whether it's institutional or retail investors, the desire to find the next multibagger is always high. But it is not easy to find multibagger stocks for multiple reasons. In the last 30 yearsonly two or three sectors have thrown up multibaggers -- IT, pharma and some engineering or industrial segments. Now the auto and auto ancillary sectors are transforming. From next Sunday onward, we take a deep dive into individual auto ancillary companies which have either transformed due to EV space or are changing themselves or will go down as they are not relevant in new age of EV.
Identify themes ahead of the curve; current year could belong to telecom: Niket Shah, Motilal Oswal MF
Niket Shah of Motilal Oswal MF discusses investment themes like AI in Indian IT, re-rating opportunities in EV and medical devices, and triggers in the telecom sector such as 5G adoption and pricing strategies.
Hero MotoCorp’s market cap reaches Rs 1 lakh crore
Hero MotoCorp’s market cap stood at Rs 100,803.27 crore at the close on the BSE on Tuesday, just behind TVS Motor Company, which had a market cap of Rs 101,390.72 crore. Investors have been upbeat on the stock on the back of the company’s focus on premium and electric vehicle segments.
AA 127-(3 to 89,652): A set of stocks from which multibagger and IBC cases are likely to emerge due to EV transformation
Thinking about the odd headline? Wait, it is the best possible way to put what a series of research-based analytical stories will cover after two weeks from now. A Sunday deep dive of companies that have either been transformed due to EV space or are in the process of changing themselves or will go down under because they are just not relevant in the new age of EV. AA stands for auto ancillary, 127 is the number of listed auto ancillary companies, 3 stands Rs three crores which is the lowest market cap of a company and Rs 89,652 is the biggest market cap of the company in this industry. Now why the auto ancillary sector will throw multibagger stocks and insolvency cases is simple. The whole auto industry is going through a fundamental shift. A shift which will make some components irrelevant and hence some companies will have existential threats. Some of which will grow much faster. This transformation will get another leg when Tesla comes to India and a new ecosystem of auto ancillary gets built.
EV stocks vroom up to 253% in 1 year. Should you invest?
Hindustan Copper shares, which are seen as one of the beneficaries of the growing EV adoption, have rallied 253% in the last year. Other EV stocks that have more than doubled investor wealth in one year are Himadri Speciality Chemical, Servotech Power Systems, JBM Auto, and Exide Industries.
A play on restructuring and higher growth: These auto stocks can deliver more than 18% return
In the last four days of strong volatile moves, one sector which has been able to keep its head above the water is the Auto sector. Is it because of results which are expected to be good or it is rotational trade which is taking place, is the question. Whatever might be the reason, after remaining under pressure for one or the other reason, the auto sector has been witnessing a transformation, right from restructuring to a slew of launches, coming from companies. There is a high probability that this trend of restructuring is likely to continue. Check out Stock Reports Plus, powered by Refinitiv, for price targets of over 4,000 listed stocks along with detailed company analysis focusing on five key components - earnings, fundamentals, relative valuation, risk and price momentum to generate standardized scores. SR+ Reports is a complimentary offering to ETPrime members.
Electric vehicles will start to cut emissions and improve air quality in our cities - but only once they're common
We would get more immediate benefit by focusing on electrifying buses, which are a surprisingly large source of air pollution, and finding ways to cut rapidly growing emissions from diesel trucks.
Prices can't dampen EV sales as it steps on leasing pedal
Leasing is becoming a key driver in electric vehicle (EV) sales in India, especially as the high upfront cost remains a barrier to adoption. Companies like Quiklyz, Ayvens, and Lithium Urban Technologies are witnessing significant growth in the EV leasing business. Fleet operators and logistics companies find leasing more economical than purchasing due to lower total cost of ownership and the ability to channel capital to other parts of their business. Leasing also offers flexibility and technology risk mitigation in the rapidly evolving EV industry.
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