Anil Singhvi Managing Director and Anchor of Zee business have given 11 Electric vehicle manufacturing-related stocks to buy on the eve of World EV day for multibagger return.
Anil Singhvi is known for his style of stock picking and some of the stocks that he identified in the lower level in the recent past had delivered a multibagger return.
Growing EV push by the government and auto manufacturing companies will boost EV growth in the coming years. On the day of the world, EV picked 11 stocks for viewers to play EV opportunity in the Indian stock market.
The following are the EV related theme stocks recommended for buying in the Indian stock market for a multi-bagger return.
1. JBM Auto Ltd.
JBM Auto Ltd is engaged in the automotive business that manufactures and sells sheet metal components, tools, dies & moulds and buses including the sale of spare parts accessories & maintenance contracts for Buses.
Its product portfolio includes chassis & suspension systems like axles, twist beams, lower control arms, sub-frames, exhaust systems, air tanks, fuel tanks, complete cowl assemblies, pedal boxes, and aesthetical parts like skin panels.
The company has an order book worth 2000 crore EV Buses currently. The stock is trading at Rs 414, We have a buy recommendation on the stock with a Target Price of Rs 627.
2. Olectra Greentech Limited.
Olectra Greentech Limited was incorporated in 1992. The Company is primarily engaged in the manufacturing of composite polymer insulators and electrical buses. Its registered office is in Hyderabad.
3. Tata Motors Ltd.
Tata Motors Group is a leading global automobile manufacturer. Part of the illustrious multi-national conglomerate, the Tata group, it offers a wide and diverse portfolio of cars, sports utility vehicles, trucks, buses and defence vehicles to the world.
4. Mahindra & Mahindra Ltd
Mahindra & Mahindra Ltd is one of the most diversified automotive companies in India with a presence across 2-wheelers, 3-wheelers, PVs, CVs, tractors & earthmovers.
Mahindra & Mahindra Ltd Started EV manufacturing and unveiled a model XUV 400.
Mahindra & Mahindra Ltd also has a presence across financial services, auto components, hospitality, infrastructure, retail, logistics, steel trading and processing, IT businesses, agri, aerospace, consulting services, defence, energy and industrial equipment through its subsidiaries and group companies.
5. Sona BLW Precision Forgings Ltd.
Sona BLW Precision Forgings is an India-based automotive technology company. The company is engaged in designing, manufacturing and supplying engineered automotive systems and components such as differential assemblies, gears, conventional and micro-hybrid motors, BSG systems and EV Traction motors across all vehicle categories.
6. Tata Power Company Ltd.
Tata Power Company Ltd is primarily involved in the business of the generation, transmission and distribution of electricity. It aims to produce electricity completely through renewable sources.
Tata Power Company Ltd also manufactures solar roofs and plans to build 1 lakh EV charging stations by 2025.
7. KPIT Technologies Ltd.
KPIT Technologies Ltd is a global technology company with software solutions that will help mobility leapfrog towards an autonomous, clean, smart and connected future. With 6000+ Automobelievers across the globe, specializing in embedded software, AI & Digital solutions, KPIT enables customers to accelerate the implementation of next-generation mobility technologies. With development centres in Europe, the USA, Japan, China, Thailand and India.
8. Tata Elxsi Ltd.
Tata Elxsi is amongst the world’s leading providers of design and technology services across industries including Automotive, Media, Communications and Healthcare. Tata Elxsi provides integrated services from research and strategy to electronics and mechanical design, software development, validation and deployment, and is supported by a network of design studios, global development centres and offices worldwide.
9. TVS Motor Company Ltd.
TVS Motor Company Ltd is engaged in manufacturing two-wheelers and their accessories; it currently manufactures a wide range of two-wheelers and three-wheelers.
TVS Motor Company Ltd manufactures EV Scooter TVS iQube Electric scooter.
10. Hero Moto Corp Ltd.
Hero Moto Corp earlier also known as “Hero Honda” is one of India’s first motorcycle manufacturers.
Hero has no direct plan to enter the EV segment, but it has a 50 per cent share in the manufacturing company Ather Energy.
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