EV Stocks

EV stocks are stocks of companies that are involved in the design, development, manufacturing, and distribution of electric vehicles (EVs), as well as their components and charging infrastructure

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List of Best EV Stocks to Invest in 2024

Name	Price	Analyst Rating	M Cap	Target Price	Alpha	1Y Return	3Y Return	5Y Return	PE	Industry PE	PB	Beta	Div Yld	Net Profit Qtr	Net Profit QoQ %	Net Profit YoY %	Net Profit 3Y Change %	Rev Qtr (in Cr)	Rev QoQ (in %)	Rev 1Y change %	Rev 3Y change %	Profit Mar Qtr	Profit Mar QoQ	Profit Mar 1Y Change%	Profit Mar 3Y Change%	Sector	M Cap	ROE	ROCE	EPS	Volume
Bosch Ltd	₹34,889.25	HOLD	LARGE CAP	33629.2	42.82%	64.47%	114.61%	110.58%	49.49	51.78	7.35	0.75	1.25%	535.9 Cr	15.15%	74.84%	418.04%	4394.3	1.8%	12.04%	72.16%	14.89%	13.12%	56.05%	200.91%	Consumer Cyclical	103193.08	15.97%	20.3%	844.14	21638
Hero MotoCorp Ltd	₹4,871.25	BUY	LARGE CAP	5324.79	11.95%	33.59%	94.26%	91.76%	23.38	36.42	5.24	0.62	2.97%	1066.47 Cr	3.32%	33.65%	27.46%	10482.93	2.67%	10.63%	22.06%	9.9%	0.64%	20.81%	4.42%	Consumer Cyclical	96773.77	22.88%	29.42%	187.2	296689
Tata Motors Ltd	₹783.95	BUY	LARGE CAP	982.42	-9.39%	12.26%	69.68%	371.97%	8.9	36.42	12.63	1.07	0.58%	3450 Cr	-39.39%	1082.46%	-344.36%	100534	-6.32%	26.58%	75.32%	7.26%	-35.3%	834.16%	-239.39%	Consumer Cyclical	288221.66	19.5%	14.69%	82.99	10014685
Bharat Forge Ltd	₹1,325.40	HOLD	MID CAP	1460	-1.13%	20.51%	89.68%	182.24%	65	40.68	6.14	1.25	0.8%	243.3 Cr	39.36%	79.03%	-816.83%	3688.51	-10.17%	21.47%	147.5%	5.8%	55.14%	47.38%	-389.63%	Basic Materials	61557.8	17.52%	16.82%	19.55	359994
Minda Corporation Ltd	₹494.80	BUY	SMALL CAP	568	22.73%	44.38%	185.53%	424.76%	43.61	51.78	5.77	0.98	0.33%	70.77 Cr	13.52%	-23.51%	360.53%	1290.01	8.19%	8.16%	96.42%	4.84%	4.93%	-29.28%	134.46%	Consumer Cyclical	11604.92	12.11%	14.17%	9.42	191232
Uniparts India Ltd	₹409.10	HOLD	SMALL CAP	485	-45.5%	-23.85%	-24.31%	-24.31%	18.1	61.12	4.23	0.6	2.68%	21.15 Cr	-15.03%	-39.14%	36.71%	241.41	-7.57%	-16.58%	26.18%	10.94%	-8.06%	-27.05%	8.35%	Engineering	1843.49	26.81%	28.37%	27.63	60838
Olectra Greentech Ltd	₹1,571.15	BUY	SMALL CAP	2086	1.42%	23.07%	85.9%	735.35%	109.26	36.42	16.87	1.19	0.02%	47.65 Cr	96.49%	17.58%	874.6%	523.67	66.81%	5.81%	310.17%	6.81%	17.8%	11.12%	137.61%	Communication Services	12259.58	8.33%	14.4%	9.58	720750
JBM Auto Ltd	₹1,536.70		SMALL CAP			17.74%	330.69%	1453.49%	93.97	51.78	20.42		0.08%	52.61 Cr	56.86%	54.82%	292.96%	1285.98	12.36%	29.86%	152.74%	3.87%	39.6%	19.22%	55.48%	Consumer Cyclical	17601.68	5.95%	9.32%	16.38	91618
Endurance Technologies Ltd	₹2,399.80	HOLD	MID CAP	2532.15	25.84%	47.49%	43.4%	123.05%	43.97	51.78	6.76	0.55	0.46%	202.98 Cr	-0.43%	41.89%	30.97%	2912.66	3.08%	16.32%	56.42%	6.64%	-3.41%	21.98%	-16.27%	Consumer Cyclical	33822.38	16.47%	21.97%	48.38	250418
Minda Corporation Ltd	₹494.80	BUY	SMALL CAP	568	22.73%	44.38%	185.53%	424.76%	43.61	51.78	5.77	0.98	0.33%	70.77 Cr	13.52%	-23.51%	360.53%	1290.01	8.19%	8.16%	96.42%	4.84%	4.93%	-29.28%	134.46%	Consumer Cyclical	11604.92	12.11%	14.17%	9.42	191232
Gabriel India Ltd	₹447.40	BUY	SMALL CAP	589.83	-16.36%	5.29%	223.58%	261.27%	29.6	51.78	4.75	0.96	1.2%	62.92 Cr	9.26%	1118.47%		1027.09	8.51%	1188.58%		5.25%	0.69%	-5.44%		Consumer Cyclical	6237.74	19.71%	26.52%	12.44	197901
Fiem Industries Ltd	₹1,523.75	BUY	SMALL CAP	1716.75	23.98%	45.62%	167.54%	569.28%	20.99	51.78	3.39	1.12	1.75%	50.18 Cr	2.64%	18.54%	253.49%	607.48	5.9%	9.78%	66.14%	8.17%	-3.08%	7.98%	112.77%	Consumer Cyclical	3899.65	20.16%	26.42%	63	113291
HEG Ltd	₹416.25	BUY	SMALL CAP	504.5	9.53%	31.17%	13.91%	79.31%	43.46	64.34	1.72	1.22	1.22%	82.28 Cr	257.12%	-41.46%	-1837.35%	567.6	-0.68%	-2.93%	90.64%	13.01%	259.55%	-39.69%	-1011.31%	Industrials	7934.27	5.63%	7.31%	16.15	135513
Himadri Speciality Chemical Ltd	₹531.75		SMALL CAP		67.67%	89.31%	1014.53%	627.57%	49.33	57.66	4.98	0.94	0.17%	135.7 Cr	10.52%	90.25%	768.8%	1136.92	-5.29%	0.31%	149.18%	9.81%	16.69%	89.66%	248.66%	Basic Materials	24622.35	15.82%	19.15%	8.34	2027335

Future of EV Stocks

The future of EV stocks appears bright. Rising fuel prices, increasing environmental concerns, and government support are expected to propel the EV market forward. Additionally, technological advancements in batteries and charging infrastructure will further boost EV adoption.

Who Should Invest in EV Stocks

EV stocks are a good fit for investors seeking:

Exposure to the clean energy revolution: Be a part of the shift towards sustainable transportation solutions.
Long-term growth potential: The EV market is poised for significant expansion in the coming years.
High-risk, high-reward opportunities: While the potential rewards are high, EV stocks also involve a higher degree of risk compared to established sectors.

Benefits of Investing in EV Stocks

High-Growth Potential: The EV market is in its early stages of growth, offering the potential for significant returns on investment.
Government Support: Government policies promoting EV adoption create a favorable environment for EV companies to thrive.
Alignment with Sustainability Goals: By investing in EV stocks, you contribute to a cleaner and greener future.

Factors Affecting EV Stocks

Government Policies: Changes in government policies related to subsidies, taxes, and charging infrastructure can impact EV company performance.
Battery Technology: Advancements in battery technology that improve range and reduce charging times will benefit EV stocks.
Competition: The increasing number of players in the EV market can lead to price competition and affect margins.

Points to Consider Before Investing

Company Fundamentals: Analyze the financial health, production capacity, and future expansion plans of the EV company before investing.
Investment Horizon: EV stocks are a good fit for long-term investors considering the projected market growth.
Overall Portfolio Diversification: While EV stocks hold promise, don't put all your eggs in one basket. Spread your investments across different sectors.

How to Invest in EV Stocks via INDmoney

Open a Demat account with INDmoney if you don't have one already.
Search for companies listed under the "Electric Vehicles" sector or those with a significant EV production segment.
Analyze the company's profile and financials before investing.
Place a buy order for the desired quantity of shares.

Check More Stocks

Name	Price	M Cap	Alpha	1Y Return	3Y Return	5Y Return	PE	Industry PE	PB	Beta	Net Profit Qtr	Net Profit QoQ %	Net Profit YoY %	Net Profit 3Y Change %	Rev Qtr (in Cr)	Rev QoQ (in %)	Rev 1Y change %	Rev 3Y change %	Profit Mar Qtr	Profit Mar QoQ	Profit Mar 1Y Change%	Profit Mar 3Y Change%	Sector	M Cap	ROE	ROCE	EPS	Volume
Adani Power Ltd	₹523.05	LARGE CAP	-23.56%	-1.92%	344.77%	609.32%	14.04	24.61	6.88	1.68	3297.52 Cr	-15.72%	94.18%	1540.09%	13338.88	-10.81%	29.86%	92.02%	41.37%	-5.51%	49.53%	754.11%	Utilities	168798.93	55.41%	30.81%	54	58095744
Tata Motors Ltd	₹783.95	LARGE CAP	-9.39%	12.26%	69.68%	371.97%	8.9	36.42	12.63	1.07	3450 Cr	-39.39%	1082.46%	-344.36%	100534	-6.32%	26.58%	75.32%	7.26%	-35.3%	834.16%	-239.39%	Consumer Cyclical	288221.66	19.5%	14.69%	82.99	10014685
Adani Wilmar Ltd	₹314.75	MID CAP	-38.29%	-16.65%	8.28%	8.28%	38.42	131.79	5.04	1	281.91 Cr	-9.54%	-69.17%	-73.83%	14460.45	2.06%	-11.9%	38.21%	0.33%	-11.36%	-65.01%	-81.06%	Edible Oil	37749.17	3.42%	9.6%	1.31	7848095
Infosys Ltd	₹1,924.50	LARGE CAP	11.73%	33.37%	13.43%	176.56%	29.56	40.09	7.66	0.71	6516 Cr	2.23%	8.88%	35.14%	40986	4.25%	4.7%	52.95%	17.08%	-1.94%	3.99%	-11.64%	Technology	798954.59	36.58%	45.07%	63.37	4447143
Tata Steel Ltd	₹144.53	LARGE CAP	-7.75%	13.89%	29.59%	242.83%	61.48	23.87	1.43	1.43	758.84 Cr	-17.39%	-160.8%	-159.95%	53489.73	-1.7%	-5.83%	46.63%	-2.14%	-15.96%	-164.56%	-140.88%	Industrials	180349.52	7.79%	13.67%	-3.94	24895631
Yes Bank Ltd	₹20.26	MID CAP	-19.67%	1.97%	65.76%	-70.49%	34.14	15.8	1.62	1.25	566.59 Cr	9.8%	74.66%	-136.84%	9225.45	2.55%	23.98%	42.4%	3.9%	7.08%	40.88%	-125.87%	Financial Services	63138.67	2.45%	NA	0.45	82352775
Zomato Ltd	₹284.72	LARGE CAP	124.5%	146.14%	87.87%	122.31%	329.54		6.95	0.7	176 Cr	-30.43%	-136.15%	-142.99%	4799	14.1%	71.13%	507.58%	2.9%	-39.03%	-121.12%	-107.08%	Technology	247514.78	5.15%	5.18%	0.4	66635986
ITC Ltd	₹476.95	LARGE CAP	-12.05%	9.59%	115.35%	93.16%	29	29.52	7.41	0.63	5054.43 Cr	-2.37%	6.54%	55.06%	20581.57	12.22%	-0.08%	43.85%	29.28%	-13%	6.63%	7.79%	Consumer Defensive	596765.73	29.21%	37.4%	16.62	7067013
Wipro Ltd	₹582.90	LARGE CAP	26.78%	48.42%	-6.6%	145.37%	26.2	40.09	4.34	1.06	3226.6 Cr	6.26%	-2.24%	2.25%	22301.6	1.54%	-0.8%	44.93%	12.38%	4.65%	-1.45%	-29.45%	Technology	308150.34	15.13%	19.03%	21.27	6829838
HDFC Bank Ltd	₹1,812.30	LARGE CAP	-4.84%	16.81%	18.94%	39.67%	19.62	15.8	2.5	0.98	17825.91 Cr	8.2%	39.27%	101.24%	121456.74	3.81%	99.35%	161.73%	15.7%	4.23%	-30.13%	-23.11%	Financial Services	1364684.16	16.88%	NA	86.15	16357488

Frequently Asked Questions

Yes, diversification is crucial. While EV stocks offer potential, spread your investments across different sectors to manage risks.

The impact of economic downturns on EV stocks can vary. However, the long-term growth potential of the EV market can provide some resilience during such periods.

EV stocks hold promise due to the government's push for clean energy and the growing EV market. However, careful research and portfolio diversification are essential.

Government policies significantly impact EV stocks. Favorable policies can boost the sector, while unfavorable changes can lead to a decline.

Analyze the company's financial statements, production capacity, debt levels, and future expansion plans to assess its investment potential.

The decision depends on your risk tolerance and investment goals. With proper research and portfolio diversification, EV stocks can be a valuable addition to your investment strategy.