{"id":113571,"date":"2023-11-10T16:15:08","date_gmt":"2023-11-10T10:45:08","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=113571"},"modified":"2023-11-13T09:31:07","modified_gmt":"2023-11-13T04:01:07","slug":"ev-stock-jumps-after-it-announces-investment-of-1200-cr-in-switch-mobility-automotive","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/ev-stock-jumps-after-it-announces-investment-of-1200-cr-in-switch-mobility-automotive\/","title":{"rendered":"EV stock jumps after it announces investment of \u20b9 1,200 Cr in Switch Mobility Automotive"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1673557729\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>The shares of India\u2019s second-largest manufacturer of commercial vehicles gained 2.2 percent after the company announced an investment of Rs 1,200 crore in Switch Mobility Automotive Ltd.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2598468904\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p><strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/ASHOKLEY\/consolidated\" target=\"_blank\" rel=\"noreferrer noopener\">Ashok Leyland Ltd<\/a><\/strong> is a Large-cap company with a market capitalization of Rs 51,015 crores. On Friday, The company shares were trading at Rs 173.60 a share, an increase of 2 percent from the previous close price of Rs 170.43 a share.\u00a0<\/p><p>According to the company\u2019s filing, Ashok Leyland Ltd announced the investment of Rs 1,200 crores in Switch Mobility Automotive as equity through its holding company Optare PLC UK. The purpose of this investment is for capital expenditure, R&amp;D, and meeting operational requirements both in the UK and India.&nbsp;<\/p><p>Switch Mobility Ltd is an automobile company that had major success in gathering orders from State Transport Undertakings. As of now Switch in India and UK has over 800 + buses plying successfully and has an order book of over 1200 buses.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-4286000368\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>Examining the business&#8217;s financials, the company\u2019s revenue increased 19 percent from Rs. 9,600.08 crores in Q2FY23 to Rs 11,429.04 crores in Q2FY24. Further, During the same period, Net Profit increased by 208 percent from Rs 183.59 crores to Rs 566.35 crores.&nbsp;<\/p><p>The company reported excellent return ratios in the recent financial year with a return on equity (ROE) of 17.26 percent and a return on capital employed (ROCE) of 12.34 percent.&nbsp;<\/p><p>Ashok Leyland Ltd&#8217;s recent shareholding pattern, the company&#8217;s promoter&#8217;s own 51 percent, retail shareholders own an 11.67 percent stake, and foreign institutional investors own a 20.21 percent stake in the company.&nbsp;<\/p><p>Ashok Leyland Ltd has a long-standing presence in the domestic medium and heavy commercial vehicle (M&amp;HCV) segment, it is one of the most fully-integrated manufacturing companies.&nbsp;<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written By:- Abhishek Singh.<\/strong><\/p><\/blockquote><h4 class=\"wp-block-heading\" id=\"h-disclaimer\"><strong>Disclaimer<\/strong><\/h4><div class=\"wp-block-image\"><figure class=\"aligncenter size-medium\"><img decoding=\"async\" width=\"300\" height=\"300\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/warning-disclaimer-300x300.png\" alt=\"\" class=\"wp-image-26306\"\/><\/figure><\/div><p><strong>The views and investment tips expressed by investment experts\/broking houses\/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.<\/strong><\/p><div class=\"trade-after-content\" id=\"trade-2553459319\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>The shares of India\u2019s second-largest manufacturer of commercial vehicles gained 2.2 percent after the company announced an investment of Rs 1,200 crore in Switch Mobility Automotive Ltd.&nbsp; Ashok Leyland Ltd is a Large-cap company with a market capitalization of Rs 51,015 crores. On Friday, The company shares were trading at Rs 173.60 a share, an [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":105829,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[31,1789],"tags":[12202,6945,10013,948,936],"class_list":["post-113571","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-ashok-leyland-latest-deal","tag-ashok-leyland-latest-news","tag-ashok-leyland-latest-orders","tag-stock-market","tag-stock-market-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>EV stock jumps after it announces investment of \u20b9 1,200 Cr in Switch Mobility Automotive - Trade Brains Features<\/title>\n<meta name=\"description\" content=\"The shares of India\u2019s second-largest manufacturer of commercial vehicles gained 2.2 percent after the company announced an investment of Rs 1,200 crore in Switch Mobility Automotive Ltd.\u00a0\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/ev-stock-jumps-after-it-announces-investment-of-1200-cr-in-switch-mobility-automotive\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"EV stock jumps after it announces investment of \u20b9 1,200 Cr in Switch Mobility Automotive\" \/>\n<meta property=\"og:description\" content=\"The shares of India\u2019s second-largest manufacturer of commercial vehicles gained 2.2 percent after the company announced an investment of Rs 1,200 crore in Switch Mobility Automotive Ltd.\u00a0\" \/>\n<meta property=\"og:url\" content=\"https:\/\/tradebrains.in\/features\/ev-stock-jumps-after-it-announces-investment-of-1200-cr-in-switch-mobility-automotive\/\" \/>\n<meta property=\"og:site_name\" content=\"Trade Brains Features\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/TradeBrainsOfficial\/\" \/>\n<meta property=\"article:published_time\" content=\"2023-11-10T10:45:08+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-11-13T04:01:07+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/08\/EV-Electric.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"854\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Trade Brains\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@TradeBrainsGrp\" \/>\n<meta name=\"twitter:site\" content=\"@TradeBrainsGrp\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Trade Brains\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/tradebrains.in\/features\/ev-stock-jumps-after-it-announces-investment-of-1200-cr-in-switch-mobility-automotive\/\",\"url\":\"https:\/\/tradebrains.in\/features\/ev-stock-jumps-after-it-announces-investment-of-1200-cr-in-switch-mobility-automotive\/\",\"name\":\"EV stock jumps after it announces investment of \u20b9 1,200 Cr in Switch Mobility Automotive - 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