EV Stocks

EV stocks are stocks of companies that are involved in the design, development, manufacturing, and distribution of electric vehicles (EVs), as well as their components and charging infrastructure

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List of Best EV Stocks to Invest in 2024

Name	Price	Analyst Rating	M Cap	Target Price	Alpha	1Y Return	3Y Return	5Y Return	PE	Industry PE	PB	Beta	Div Yld	Net Profit Qtr	Net Profit QoQ %	Net Profit YoY %	Net Profit 3Y Change %	Rev Qtr (in Cr)	Rev QoQ (in %)	Rev 1Y change %	Rev 3Y change %	Profit Mar Qtr	Profit Mar QoQ	Profit Mar 1Y Change%	Profit Mar 3Y Change%	Sector	M Cap	ROE	ROCE	EPS	Volume
Bosch Ltd	₹39,835.00	HOLD	LARGE CAP	31314.5	10.07%	9.44%	123.39%	190.23%	55.96	48.67	6.05	0.92	1.81%	553.6 Cr	20.85%	-19.16%	65.41%	4910.6	9.96%	8.13%	53.52%	11.13%	9.9%	-25.24%	7.74%	Consumer Cyclical	112768.93	15.56%	20.47%	682.37	60680
Hero MotoCorp Ltd	₹4,327.10	BUY	MID CAP	4553.03	-20.27%	-20.89%	52.27%	54.36%	19.6	35.35	3.76	0.98	4.43%	1168.75 Cr	5.45%	16.93%	87.88%	9969.81	-2.83%	8.3%	38.48%	10.69%	8.51%	7.98%	35.67%	Consumer Cyclical	85828.74	24.4%	31.35%	218.79	336165
Tata Motors Ltd	₹691.15	HOLD	LARGE CAP	764.86	-38.62%	-39.24%	51.89%	545.77%	10.95	35.35	7.42	1.27	0.89%	8556 Cr	55.99%	-11.5%	-350.55%	118927	6.28%	1.31%	57.91%	6.4%	46.77%	-12.64%	-258.67%	Consumer Cyclical	251424	17.15%	18.21%	76.49	4706536
Bharat Forge Ltd	₹1,213.00	HOLD	MID CAP	1195.04	-30.95%	-31.58%	62.14%	207.94%	59.28	35.54	5.09	1.3	0.73%	282.62 Cr	32.82%	0.34%	-15.21%	3852.6	10.85%	-3.57%	44.56%	6.04%	19.82%	4.05%	-41.34%	Basic Materials	56820.83	13.54%	14.39%	19.1	272471
Minda Corporation Ltd	₹510.30	BUY	SMALL CAP	588.5	6.25%	5.62%	129.52%	659.64%	47.01	48.67	5.77	1.25	0.33%	41.73 Cr	-35.16%	-23.51%	360.53%	1321.26	5.48%	8.16%	96.42%	4.84%	-38.53%	-29.28%	134.46%	Consumer Cyclical	12195.44	12.11%	14.17%	9.42	62115
Uniparts India Ltd	₹359.50		SMALL CAP		-26.77%	-27.4%	-32.78%	-32.78%	18.6	58.56	4.23	0.72	2.68%	22.83 Cr	19.28%	-39.14%	36.71%	252.8	21.36%	-16.58%	26.18%	10.94%	-1.71%	-27.05%	8.35%	Engineering	1637.23	26.81%	28.37%	27.63	31097
Olectra Greentech Ltd	₹1,428.90	BUY	SMALL CAP	1485	-15.13%	-15.75%	125.32%	2260.62%	85.09	35.35	16.87	1.41	0.02%	20.69 Cr	-55.62%	17.58%	874.6%	448.92	-12.89%	5.81%	310.17%	6.81%	-49.05%	11.12%	137.61%	Communication Services	11809.78	8.33%	14.4%	9.58	490609
JBM Auto Ltd	₹643.45		SMALL CAP		-38.2%	-38.83%	196.7%	1543.85%	74.76	48.67	20.42	1.7	0.08%	72.03 Cr	27.6%	54.82%	292.96%	1645.7	17.87%	29.86%	152.74%	3.87%	8.25%	19.22%	55.48%	Consumer Cyclical	15107.25	5.95%	9.32%	8.19	151837
Endurance Technologies Ltd	₹2,549.00	BUY	MID CAP	2603.47	0.27%	-0.35%	75.57%	174.19%	42.95	48.67	6.36	0.65	0.51%	245.13 Cr	32.94%	22.9%	81.54%	2963.49	3.65%	12.89%	53.14%	7.23%	28.26%	8.87%	18.54%	Consumer Cyclical	35926.7	16.65%	22.16%	59.46	36017
Minda Corporation Ltd	₹510.30	BUY	SMALL CAP	588.5	6.25%	5.62%	129.52%	659.64%	47.01	48.67	5.77	1.25	0.33%	41.73 Cr	-35.16%	-23.51%	360.53%	1321.26	5.48%	8.16%	96.42%	4.84%	-38.53%	-29.28%	134.46%	Consumer Cyclical	12195.44	12.11%	14.17%	9.42	62115
Gabriel India Ltd	₹1,026.05	HOLD	SMALL CAP	725.6	96.17%	95.55%	657.74%	1024.27%	57.73	48.67	4.75	1.52	1.2%	64.36 Cr	7.07%	1118.47%		1073.15	5.57%	1188.58%		5.25%	1.43%	-5.44%		Consumer Cyclical	14138.87	19.71%	26.52%	12.44	296925
Fiem Industries Ltd	₹1,930.00	BUY	SMALL CAP	2034.67	44.76%	44.14%	141.95%	814.96%	25.08	48.67	3.57	0.96	2.13%	58.88 Cr	25.22%	23.6%	115.05%	634.15	7.46%	19.41%	54.08%	8.46%	16.53%	3.51%	39.56%	Consumer Cyclical	5139.7	21.25%	27.97%	77.88	23260
HEG Ltd	₹521.95	BUY	SMALL CAP	560	22.53%	21.9%	118.89%	234.1%	85.95	51.64	2.24	1.28	0.37%	-73.67 Cr	-188.33%	-63.08%	-73.31%	542.25	13.35%	-9.82%	-1.9%	5.33%	-177.93%	-59.06%	-72.79%	Industrials	9935.45	3.4%	5.18%	5.96	309962
Himadri Speciality Chemical Ltd	₹486.55	HOLD	SMALL CAP	500	15.79%	15.16%	491.76%	981.12%	38.64	55.17	5.88	1.4	0.14%	179.36 Cr	15.37%	35.17%	1321.51%	1118.29	-1.44%	10.22%	65.25%	12.03%	17.06%	22.63%	760.22%	Basic Materials	23759.1	16.84%	22.54%	11.24	963478

Future of EV Stocks

The future of EV stocks appears bright. Rising fuel prices, increasing environmental concerns, and government support are expected to propel the EV market forward. Additionally, technological advancements in batteries and charging infrastructure will further boost EV adoption.

Who Should Invest in EV Stocks

EV stocks are a good fit for investors seeking:

Exposure to the clean energy revolution: Be a part of the shift towards sustainable transportation solutions.
Long-term growth potential: The EV market is poised for significant expansion in the coming years.
High-risk, high-reward opportunities: While the potential rewards are high, EV stocks also involve a higher degree of risk compared to established sectors.

Benefits of Investing in EV Stocks

High-Growth Potential: The EV market is in its early stages of growth, offering the potential for significant returns on investment.
Government Support: Government policies promoting EV adoption create a favorable environment for EV companies to thrive.
Alignment with Sustainability Goals: By investing in EV stocks, you contribute to a cleaner and greener future.

Factors Affecting EV Stocks

Government Policies: Changes in government policies related to subsidies, taxes, and charging infrastructure can impact EV company performance.
Battery Technology: Advancements in battery technology that improve range and reduce charging times will benefit EV stocks.
Competition: The increasing number of players in the EV market can lead to price competition and affect margins.

Points to Consider Before Investing

Company Fundamentals: Analyze the financial health, production capacity, and future expansion plans of the EV company before investing.
Investment Horizon: EV stocks are a good fit for long-term investors considering the projected market growth.
Overall Portfolio Diversification: While EV stocks hold promise, don't put all your eggs in one basket. Spread your investments across different sectors.

How to Invest in EV Stocks via INDmoney

Open a Demat account with INDmoney if you don't have one already.
Search for companies listed under the "Electric Vehicles" sector or those with a significant EV production segment.
Analyze the company's profile and financials before investing.
Place a buy order for the desired quantity of shares.

Check More Stocks

Name	Price	Analyst Rating	M Cap	Target Price	Alpha	1Y Return	3Y Return	5Y Return	PE	Industry PE	PB	Beta	Net Profit Qtr	Net Profit QoQ %	Net Profit YoY %	Net Profit 3Y Change %	Rev Qtr (in Cr)	Rev QoQ (in %)	Rev 1Y change %	Rev 3Y change %	Profit Mar Qtr	Profit Mar QoQ	Profit Mar 1Y Change%	Profit Mar 3Y Change%	Sector	M Cap	ROE	ROCE	EPS	Volume
Adani Power Ltd	₹588.25	BUY	LARGE CAP	633.67	-19.72%	-20.34%	81.76%	1500.7%	17.71	28.96	4.74	1.18	2599.23 Cr	-11.59%	-38.79%	159.58%	14237.4	4.14%	11.62%	102.82%	22.68%	-15.11%	-45.16%	27.99%	Utilities	220096.22	26.75%	21.83%	33.06	3873645
Tata Motors Ltd	₹691.05	HOLD	LARGE CAP	764.86	-38.62%	-39.24%	51.89%	545.77%	10.95	35.35	7.42	1.27	8556 Cr	55.99%	-11.5%	-350.55%	118927	6.28%	1.31%	57.91%	6.4%	46.77%	-12.64%	-258.67%	Consumer Cyclical	251424	17.15%	18.21%	76.49	4713809
AWL Agri Business Ltd	₹265.60	BUY	MID CAP	318	-21.88%	-22.5%	-59.46%	-0.45%	30.14	57.94	3.57	0.82	231.77 Cr	31.3%	581.65%	50.22%	17058.65	-6.42%	24.3%	17.57%	1.83%	40.31%	448.39%	27.77%	FMCG	34707.92	13.78%	20.03%	8.98	587921
Infosys Ltd	₹1,516.10	BUY	LARGE CAP	1744.12	-18.35%	-18.98%	-2.17%	58.88%	23.03	30.8	7.47	1.09	6924 Cr	-1.62%	1.91%	20.79%	42279	3.31%	6.06%	33.99%	16.41%	-4.77%	-3.91%	-9.85%	Technology	629787.73	30.35%	39.64%	64.52	4550810
Tata Steel Ltd	₹161.67	BUY	LARGE CAP	163.07	-1.33%	-1.96%	48.4%	327.18%	58.28	24.17	1.21	1.31	1200.88 Cr	306.4%	-164.64%	-92.4%	55706.99	4.65%	-4.64%	-10.42%	1.45%	288.34%	-167.79%	-91.51%	Industrials	199336.96	9%	10.52%	2.54	10626937
Yes Bank Ltd	₹19.35	SELL	MID CAP	17.64	-21.9%	-22.53%	29.3%	65.21%	21.97	14.68	1.62	0.95	808.65 Cr	8.61%	74.66%	-136.84%	9429.17	-0.09%	23.98%	42.4%	3.9%	8.71%	40.88%	-125.87%	Financial Services	60635.52	2.45%	NA	0.45	42694535
Eternal Ltd	₹305.20	BUY	LARGE CAP	306.43	36.06%	35.44%	556.62%	143.89%	903.82		6.95	1.22	25 Cr	-35.9%	50.14%	-143.11%	7167	22.87%	67.1%	382.85%	2.6%	-47.83%	-10.15%	-108.93%	Technology	296555.28	6.33%	7.08%	0.58	18037632
ITC Ltd	₹409.40	BUY	LARGE CAP	500.39	-12.02%	-17.37%	35.26%	108.39%	14.95	28.72	7.55	0.63	19807.88 Cr	295.12%	68.92%	126.1%	18565.05	-0.08%	10.88%	24.16%	46.54%	295.44%	52.34%	82.11%	Consumer Defensive	513280.13	27.91%	36.71%	28.01	4791143
Wipro Ltd	₹251.35	HOLD	LARGE CAP	263.28	-4.01%	-4.63%	18.03%	80.54%	19.43	30.8	4.36	1.12	3336.5 Cr	-7.01%	18.95%	7.96%	22134.6	-1.64%	-0.75%	12.33%	14.84%	-5.46%	19.85%	-3.89%	Technology	262121.86	17.89%	21.54%	12.62	8391779
HDFC Bank Ltd	₹2,024.00	BUY	LARGE CAP	2271.49	25.76%	25.14%	40.04%	88.66%	21.75	14.68	2.79	0.91	16257.91 Cr	-13.68%	10.51%	86.04%	133054.97	10.63%	15.42%	180.82%	15.03%	-21.98%	-4.26%	-33.75%	Financial Services	1541148.2	14.3%	NA	95.97	7592902

Frequently Asked Questions

Is diversification important when investing in EV stocks?

Yes, diversification is crucial. While EV stocks offer potential, spread your investments across different sectors to manage risks.

How do EV sector stocks perform during economic downturns?

The impact of economic downturns on EV stocks can vary. However, the long-term growth potential of the EV market can provide some resilience during such periods.

Is it worth investing in EV Sector Stocks?

EV stocks hold promise due to the government's push for clean energy and the growing EV market. However, careful research and portfolio diversification are essential.

How do changes in government policies and regulations affect EV stocks?

Government policies significantly impact EV stocks. Favorable policies can boost the sector, while unfavorable changes can lead to a decline.

How do I analyze the financial performance of EV stocks before investing?

Analyze the company's financial statements, production capacity, debt levels, and future expansion plans to assess its investment potential.

Is it worth investing in EV Sector Stocks?

The decision depends on your risk tolerance and investment goals. With proper research and portfolio diversification, EV stocks can be a valuable addition to your investment strategy.

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