{"id":48113,"date":"2022-06-14T11:30:00","date_gmt":"2022-06-14T06:00:00","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=48113"},"modified":"2022-06-14T11:20:08","modified_gmt":"2022-06-14T05:50:08","slug":"this-multibagger-ev-stock-has-been-hitting-15-consecutive-upper-circuits","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/this-multibagger-ev-stock-has-been-hitting-15-consecutive-upper-circuits\/","title":{"rendered":"This Multibagger EV stock has been hitting 15 consecutive upper circuits; +133% in a month"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3427987725\"><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>Hindustan Motors has been hitting the upper circuit for the last 11 trading sessions over the news of its comeback. The shares of the carmaker have climbed 133% in the last month and 187% over the last year. As of 10:00 IST, the stock was trading at \u20b9 25.50 per share.<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1037044257\"><!-- 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>As per the developments, CK Birla Group-owned Hindustan Motors is planning to bring back the two old brands Ambassador and Contessa as EVs. Hind Motor Financial Corporation of India (HMFCI) which owns production facilities of Hindustan Motors and Peugeot, a French carmaker has reportedly signed an MoU to redesign and relaunch the Ambassador &#8211;\u00a0 popularly dubbed as the &#8216;King of Indian roads. Contessa was a premium sedan with plush interiors in its previous version.\u00a0<\/p><p>As reported by HT Bangla, Hindustan Motors will have a controlling share in the joint venture with a 51% stake and the balance being with Peugeot. The plan is to make a significant mark with the introduction of electronic two-wheelers initially and shift to the production of EV cars later.<\/p><p>Till the 1970s, Hindustan Motors controlled 75% market share in the Indian automobile market. It eventually lost its sheen as cheaper and low-cost alternatives such as Maruti 800 were introduced.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-1660792085\"><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>Further, rapid technological changes resulted in decreased sales and subsequent discontinuation. The PSA Group acquired the Ambassador brand from the Birla Group for \u20b9 80 crores.<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Edited by &#8211; Vikalp Mishra<\/strong><\/p><\/blockquote><h4 class=\"wp-block-heading\" id=\"h-disclaimer\"><strong>Disclaimer<\/strong><\/h4><div class=\"wp-block-image\"><figure class=\"aligncenter size-full is-resized\"><img decoding=\"async\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/warning-disclaimer.png\" alt=\"\" class=\"wp-image-26306\" width=\"256\" height=\"256\"\/><\/figure><\/div><p><strong>The content in this news article is not investment advice. 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-1503770762\"><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>Hindustan Motors has been hitting the upper circuit for the last 11 trading sessions over the news of its comeback. The shares of the carmaker have climbed 133% in the last month and 187% over the last year. As of 10:00 IST, the stock was trading at \u20b9 25.50 per share. As per the developments, [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":13622,"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":[3418,3464,2660,3912,2838,3771,2843,2659,2597,2599],"class_list":["post-48113","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-multibagger-companies","tag-multibagger-returns","tag-multibagger-stock","tag-multibagger-stock-to-watch","tag-multibagger-stocks","tag-multibagger-stocks-2022","tag-multibagger-stocks-india","tag-multibaggers","tag-stocks-to-watch","tag-stocks-to-watch-in-2022"],"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>This Multibagger EV stock has been hitting 15 consecutive upper circuits; +133% in a month - Trade Brains Features<\/title>\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\/this-multibagger-ev-stock-has-been-hitting-15-consecutive-upper-circuits\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"This Multibagger EV stock has been hitting 15 consecutive upper circuits; +133% in a month\" \/>\n<meta property=\"og:description\" content=\"Hindustan Motors has been hitting the upper circuit for the last 11 trading sessions over the news of its comeback. The shares of the carmaker have climbed 133% in the last month and 187% over the last year. As of 10:00 IST, the stock was trading at \u20b9 25.50 per share. 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