Electric Vehicles (EVs) are any vehicles that are powered by electricity rather than fossil fuels. These vehicles are environment friendly, get incentives for purchases from the government, and have low running costs. The global demand for EVs is increasing at a very fast pace around the world and several companies are to benefit from this growth.
Here is the list of EV stocks trading at Up to 40 Percent discount:
1. Olectra Greentech
Olectra Greentech Limited, established in 2000 and headquartered in Hyderabad, India, is a leading manufacturer of electric buses and composite polymer insulators. As India’s first electric bus manufacturer, Olectra has been pivotal in promoting eco-friendly public transportation solutions across the country. The company operates in two primary divisions: E-Vehicle and Composite Polymer Insulators.
The current market price is Rs. 1,195, while the 52-week high stands at Rs. 2222. This reflects a decline of 46.21 percent from its highest value over the past year.
The company reported a 50.17 percent YoY increase in revenue from Rs. 344.65 Crore in Q3FY24 to Rs. 517.59 Crore in Q3FY25. Their Net profit saw an increase of 71.96 percent YoY from Rs. 27.11 Crore to Rs. 46.62 Crore for the same period.
2. Tata Motors
Tata Motors Limited, founded in 1945 and headquartered in Mumbai, is India’s largest automobile manufacturer and a flagship company of the Tata Group. The company produces a wide range of vehicles, including passenger cars, utility vehicles, buses, trucks, and defense vehicles. Notably, Tata Motors owns the British luxury brands Jaguar and Land Rover, acquired in 2008.
The current market price is Rs. 672, while the 52-week high stands at Rs. 1,179. This reflects a decline of 43 percent from its highest value over the past year.
The company reported a 2.93 percent YoY increase in revenue from Rs. 1,12,075 Crore in Q3FY24 to Rs. 1,15,365 Crore in Q3FY25. Their Net profit saw a decrease of 19.76 percent YoY from Rs. 6,952.17 Crore to Rs. 5,578 Crore for the same period.
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3. Exide Industries
Exide Industries Limited, headquartered in Kolkata, India, is a prominent storage battery manufacturing company with a significant presence both domestically and internationally. Established in 1947 as Associated Battery Makers (Eastern) Limited, the company has evolved into India’s largest producer of lead-acid storage batteries and power storage solutions.
The current market price is Rs. 364, while the 52-week high stands at Rs. 620. This reflects a decline of 41.29 percent from its highest value over the past year.
The company reported a 0.60 percent YoY increase in revenue from Rs. 4,005.03 Crore in Q3FY24 to Rs. 4,029.41 Crore in Q3FY25. Their Net profit saw an decrease of 21.83 percent YoY from Rs. 202.69 Crore to Rs. 158.44 Crore for the same period.
4. Ola Electric
Ola Electric Mobility, founded in 2017 by Bhavish Aggarwal, is a prominent Indian electric vehicle manufacturer headquartered in Bangalore, Karnataka. The company specializes in designing and producing electric two-wheelers, notably the Ola S1 series, which includes models like the S1 Air, S1 X, and S1 Pro. Their manufacturing facility, known as the Ola Future Factory, is located in Krishnagiri, Tamil Nadu.
The current market price is Rs. 60, while the 52-week high stands at Rs. 157. This reflects a decline of 61.78 percent from its highest value over the past year.
The company reported a 14.51 percent YoY decrease in revenue from Rs. 1,371 Crore in Q3FY24 to Rs. 1,172 Crore in Q3FY25. Their Net loss saw an increase from 376 Crores to 564 Crores for the same period
Written By Abhishek Das
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