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	₹34,576.95	HOLD	LARGE CAP	33629.2	49.34%	64.33%	118.17%	130.75%	50.26	51.66	7.35	0.81	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	105503.91	15.97%	20.3%	844.14	19486
Hero MotoCorp Ltd	₹4,339.95	BUY	MID CAP	5308.79	2.22%	14.46%	87.74%	82.1%	21.29	35.63	5.24	0.65	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	87788.79	22.88%	29.42%	187.2	800108
Tata Motors Ltd	₹724.05	BUY	LARGE CAP	965.4	-8.86%	4.97%	64.03%	322.64%	8.46	35.39	12.63	1.08	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	278182.61	19.5%	14.69%	82.99	17962656
Bharat Forge Ltd	₹1,278.90	HOLD	MID CAP	1469.08	-2.79%	9.62%	92.72%	159.3%	63.81	41.24	6.14	1.24	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	62459.89	17.52%	16.82%	19.55	1495889
Minda Corporation Ltd	₹508.20	BUY	SMALL CAP	568	23.85%	35.57%	216.18%	468.44%	46.6	51.66	5.77	0.86	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	12336.5	12.11%	14.17%	9.42	252718
Uniparts India Ltd	₹406.80	HOLD	SMALL CAP	485	-35.12%	-22.73%	-23.16%	-23.16%	18.37	61.43	4.23	0.61	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	1867.63	26.81%	28.37%	27.63	104011
Olectra Greentech Ltd	₹1,473.00	BUY	SMALL CAP	2086	9.99%	21.97%	87.6%	740.58%	110.1	35.63	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	12616.63	8.33%	14.4%	9.58	272121
JBM Auto Ltd	₹1,639.25		SMALL CAP		6.95%	20.51%	296.21%	1409.44%	107.05	51.66	20.42	0.77	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	19837.73	5.95%	9.32%	16.38	84223
Endurance Technologies Ltd	₹2,208.10	HOLD	SMALL CAP	2532.15	14.99%	23.83%	39.73%	115.08%	40.84	51.66	6.76	0.54	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	31220.12	16.47%	21.97%	48.38	22998
Minda Corporation Ltd	₹508.20	BUY	SMALL CAP	568	23.85%	35.57%	216.18%	468.44%	46.6	51.66	5.77	0.86	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	12336.5	12.11%	14.17%	9.42	252718
Gabriel India Ltd	₹489.10	BUY	SMALL CAP	589.83	12.39%	25.63%	268.8%	316.37%	34.33	51.66	4.75	0.93	1.2%	62.92 Cr	9.26%	1118.47%		1027.09	8.51%	1188.58%		5.25%	0.69%	-5.44%		Consumer Cyclical	7269.82	19.71%	26.52%	12.44	154159
Fiem Industries Ltd	₹1,567.65	BUY	SMALL CAP	1716.75	44.26%	56.86%	188.27%	675.7%	22.7	51.66	3.39	1.14	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	4323.66	20.16%	26.42%	63	49951
HEG Ltd	₹541.55	BUY	SMALL CAP	504.5	45.99%	61.93%	84.79%	153.31%	60.03	67.95	1.72	1.13	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	10911.91	5.63%	7.31%	16.15	2403489
Himadri Speciality Chemical Ltd	₹546.85		SMALL CAP		87.48%	93.44%	1170.77%	863.26%	53.55	59.45	4.98	0.91	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	26930.31	15.82%	19.15%	8.34	1038123

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	₹497.90	LARGE CAP	-13.67%	-0.65%	414.21%	733.28%	16.31	26.97	6.88	1.45	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	201004.37	55.41%	30.81%	54	8079059
Tata Motors Ltd	₹724.05	LARGE CAP	-8.86%	4.97%	64.03%	322.64%	8.46	35.39	12.63	1.08	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	278182.61	19.5%	14.69%	82.99	17962656
Adani Wilmar Ltd	₹290.90	MID CAP	-27.44%	-15.47%	10.7%	10.7%	39.28	136.97	5.04	0.92	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	38873.39	3.42%	9.6%	1.31	1010277
Infosys Ltd	₹1,922.15	LARGE CAP	13.58%	26.71%	7.43%	164.43%	29.9	41.76	7.66	0.7	6516 Cr	2.23%	8.88%	35.14%	40986	4.25%	4.7%	52.95%	17.08%	-1.94%	3.99%	-11.64%	Technology	821791.95	36.58%	45.07%	63.37	11056720
Tata Steel Ltd	₹140.68	LARGE CAP	-3.1%	9.36%	29.64%	209.95%	60.96	24.73	1.43	1.39	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	180337.03	7.79%	13.67%	-3.94	46503449
Yes Bank Ltd	₹19.83	MID CAP	-14.79%	-3.74%	56.62%	-58.99%	34.51	15.85	1.62	1.22	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	64643.47	2.45%	NA	0.45	76096639
Zomato Ltd	₹282.10	LARGE CAP	114.61%	126.54%	119.22%	128.97%	339.41		6.95	0.69	176 Cr	-30.43%	-136.15%	-142.99%	4799	14.1%	71.13%	507.58%	2.9%	-39.03%	-121.12%	-107.08%	Technology	281693.74	5.15%	5.18%	0.4	271472990
ITC Ltd	₹464.65	LARGE CAP	-8.5%	3.34%	119.55%	95.29%	28.36	29.16	7.41	0.62	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	588633.7	29.21%	37.4%	16.62	19481288
Wipro Ltd	₹305.20	LARGE CAP	29.79%	44.12%	-9.45%	146.4%	27.82	41.76	4.34	1.05	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	327189.89	15.13%	19.03%	10.635	22214824
HDFC Bank Ltd	₹1,771.50	LARGE CAP	-4.61%	6.33%	24.39%	37.71%	19.71	15.85	2.5	0.97	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	1384256.77	16.88%	NA	86.15	12846174

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.