Betting on Electric Vehicles/Renewal Energy in India.

Betting on Electric Vehicles/Renewal Energy in India.

 

The rise of fuel prices is making trouble for everyone. To view the situation of fuel, we should diversify our lifestyle from fuel items to electric or renewable items. In future the demand of fuel would increase, and the OPEC (Organization of the Petroleum Exporting Countries) will increase the price of fuel drastically. This will force most of countries to reduce their dependency from OPEC and start initiative likes Electricity, Green and renewable Energy. In last few years, Indian government has taken a lot of steps to bring electric dependency in several states.

 

In this topic we will discuss about the stocks that makes important role in Indian Electric Vehicles and Green/Renewable Industry:-

 

1. 1.   Tata Motors :- Car Maker

The CMP of stock is 262.75

Tata Motors is the biggest automobile manufacturing company in India with an extensive range of passenger, commercial and defense vehicles in its portfolio. In last few days this stock is in Indian stock market news for its Partnership with Tesla, but Tata Motors clarifies its stance surrounding Tesla partnership rumor’s. The Revenue of the company has increased from last two quarters by 3222 Crore Profit. From the news, Tata Motors announced the first anniversary of its electric SUV, the Tata Nexon EV. In terms of the current market of electric vehicles in India, the company claims that it commands a market share of 64% (YTD FY21). Tata Motors has managed to sell around 3000 units of the EV.

 

2.      Tata Power :- Power and Charging Station of Electric Vehicle

The CMP of stock is 75.4

The 2^nd company is also a Tata Group company. Tata Power is the largest power generation company in India aimed at providing uninterrupted power supply from its various plants located across India. The firm has received a letter of award (LoA) to build 95 megawatt (MW) of solar photovoltaic project worth about Rs 460 crore for Gujarat State Electricity Corporation Ltd (GSECL) as on 28.01.2021.The carmaker now has 15 superfast charging stations across 10 cities in India, including Delhi/NCR, Agra and Nagpur. On the other hand, Tata Power has set up over 270 charging points across 26 cities under its EZ Charge brand.

 

3.      NTPC :- Power Generation

 The CMP of Stock is 88.95

NTPC Limited is India's largest energy conglomerate with roots planted way back in 1975 to accelerate power development in India. However, I doesn’t rely on Government undertaking company But its futuristic fundamental attract everyone also me. This Company also play’s a huge role in Indian Electric vehicle industry. Recently company deploys 40 electric buses in Andaman & Nicobar Islands to set up EV charging infrastructure

 

4.      Adani Green Energy :- Green Energy

 The CMP of Stock is 1004.9

Adani Green Energy Limited (AGEL) is one of the largest renewable companies in India, with a current project portfolio of 13,990 MW. AGEL is part of the Adani Group’s promise to provide a better, cleaner and greener future for India.

 

5.      Amara Raja Batteries :- Batteries

 The CMP of Stock is 918.9

Amara Raja Batteries Limited (ARBL) is the technology leader and one of the largest manufacturers of lead-acid batteries for both industrial and automotive applications in the Indian storage battery industry. Amara Raja has set up EV battery charging and swapping stations in the temple town of Tirupati in Andhra Pradesh along with a fleet of electric auto-rickshaws as part of the central government's Smart Cities program.

 

6.      Exide Industries Ltd.:- Batteries

 The CMP of stock is 193.5

The Exide Industries Ltd. is one of my best stocks. For more than six decades, Exide has been one of India's most reliable brands, enjoying unrivalled reputation and recall. Exide batteries is plays important role in electric vehicle in india. Exide Industries on Friday reported over two-fold jump in consolidated net profit after tax (PAT) to Rs 239.87 crore in the third quarter ended December 2020 on robust sales. CESC (Kolkata) and Exide on Wednesday inaugurated grid connected 315 kWh battery energy storage systems (BESS) at low tension (LT) distribution system for better peak load management, a company official said. The storage battery project also improves voltage profile, frequency management, agility to integrate intermittent solar energy sources and ensure high quality power for consumers.

 

7.      Indian Energy Exchange Ltd. :- Energy Exchange

 The CMP of stock is 246.25

Indian Energy Exchange Limited (IEX) is the first and largest energy exchange in India providing a nationwide, automated trading platform for physical delivery of electricity, Renewable Energy Certificates and Energy Saving Certificates. The exchange platform enables efficient price discovery and increases the accessibility and transparency of the power market in India while also enhancing the speed and efficiency of trade execution. IEX Standalone December 2020 Net Sales at Rs 85.02 crore, up 42.45% Y-o-Y.

 

 

Munish Mahajan

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