Electric vehicle shares or What is EV Shares ?
Electric Vehicle Share Price in India .First we are understand the concept which is share (what is the meaning of share)-Share is a individual unit of capital expressing the ownership relationship between the company and the shareholder. there is the denominated value of a share is its face value, and the total of the face value of issued shares represents the capital of a company, which are not reflect the market value.
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what is the meaning of (EV) share in simple word-
In simple word- a share represent a unit of equity ownership in a company. in these case Shareholders are entitled to any profits that the company may earn in the form of dividends. they are also the bearers of any type of losses that the company may face.
Best EV stocks in India: (Electric Vehicle Share Price in India)
a million EV units sold in India FY 2022-23 and the EV market size expected to reach $113.99 billion by 2029, investing in this sector or appears promising. we are here to examine a range of top EV Stokes in India from auto manufacturers like Tata Motors and Mahindra & Mahindra, to companies like Exide Industries that create batteries for EVs, and even to businesses setting up EV charging stations like power grid corporation of India.
Best EV stocks in India
here we are also explore various facets of the EV industry, like the electric vehicle sector categories- auto manufacturing auto parts, battery manufacturing, and EV charging stations offering an all-encompassing view of this booming sector. traying to guide readers in better understanding the EV market’s potential and choosing the right stocks for investment.
Electric Vehicle Share Price in India
Best EV stocks in India: Electric Vehicle Share Price in India.
| Stoke Name | Category | Rs. in cr. | Closed value (Rs) | 1Y Return (%) |
| Olectra Greentech Ltd. | Auto parts and EV software | 10,621.66 | 1,268.75 | 141.65 |
| TATA Motors | Auto Manufacturer | 2,47,327.15 | 681.70 | 61.89 |
| Exide Industries Ltd. | Battery Manufacturing | 23,965.75 | 285.60 | 56.49 |
| Mahindra and Mahindra | Auto Manufacturer | 1,85,854.57 | 1,559.75 | 28.03 |
| Power Gride Corporation Of India Ltd. | EV charging station | 1,94,661.64 | 208.95 | 27.19 |
| Hero Motocorp Ltd. | Auto Manufacturer | 66,889.24 | 3,376.50 | 26.11 |
| Motherson Sumi System Ltd | Auto parts and EV software | 26,814.02 | 60.40 | 4.23 |
| Amara Raja Batteries Ltd. | Battery Manufacturing | 10,944.81 | 655.05 | 3.87 |
The data is from 21st November 2023 and the EV companies are sorted according to their 1-yr return.
EV Companies:
Olectra Greentech Ltd
(Electric Vehicle Share Price in India)An auxiliary of Megha Designing and Foundations Ltd, this organization has a stock at present esteemed at P1,268.75, showing a development of 141.65% since a year ago. the organization has a strong groundwork in electric transport producing, with the K9 variation bosting a regenerative stopping mechanism that saves 30% of energy while slowing down and quicker charging framework.
TATA Motors Ltd
It is one of the most oldest car makers on the Market. They offer 3 different electric vehicles such a long ways in India:(Electric Vehicle Share Price in India) TATA Nexon EV Prime, TATA Nexon EV Max, and TATA Tigor EV. This large cap EV stock has a decent purchase reco from examiners and is right now undervalued.
Exide Industries Ltd
This Industries is well-known for manufacturing batteries that are used in regular vehicles. Now they have stepped into the manufacturing of EV-specific batteries. Upon evaluating this mid-cap stock on Tickertape ‘Scorecard’, is currently showing good signs of profitability and higher revenue growth is forecasted.
Mahindra and Mahindra
One of the famous names in the vehicle business is Mahindra and Mahindra (M&M). They ventured into the electric vehicle area in 2022 with their XUV400. The booking for this electric vehicle from M&M started in January 2023. The large cap stock has the benefit score of 6.9/10 on Scorecard which is just present with Genius membership.
Power Grid Corporation of India Ltd
()This is India’s biggest Electric Power Transmission Utility which has their EV charging stations at 7 different city areas in India. This moderate-risk large cap stock is portrayed by an volatility of 2.16x when compared to the Nifty. After assessing on Paper feed ‘Scorecard’, this EV stock is showing excellent benefit score of 9.3/10.