The market value of Tata Sons’ listed investments is estimated at Rs 16 trillion
Tata Sons, the investment-holding arm of Tata group companies, could fetch valuation of Rs 7-8 trillion in an initial public offering (IPO), based on the current market capitalisation of group firms, according to a report.
The market value of Tata Sons’ listed investments is estimated at Rs 16 trillion. The group could derive another Rs 1-1.5 trillion of value from unlisted investments and step-down subsidiaries such as Tata Technologies, Tata Metalliks and Rallis, according to a report by investment banking firm Spark PWM.
Investors are likely to give a holding company a 30-60% discount when calculating the equity value, and Tata Sons’ value would be Rs 7.8 trillion, factoring a 60% discount, it said.
Four group companies – Tata Motors, Tata Chemicals, Tata Power and Indian Hotels Company (IHCL) – hold ownership in Tata Sons. The only realistic way for potential value unlocking of Tata Sons stake is through Tata Chemicals wherein the ownership is about 80% of the company’s market capitalisation. The stake is worth about 16-21% of the mcap for the other three companies, it said.
According to Reserve Bank of India regulations, it is mandatory for an upper-layer NBFC to list within three years of the notification. On September 14, 2023, the RBI had notified 15 companies, including Tata Sons, under this category. The holding company would now have to list on the bourses by September 2025.
“There are multiple levers of value available from unlisted investments as the group is entering into new-age segments such as semi-conductors (Tata Electronics),” it said. The IPO could likely lead to the simplification of the group holding structure.
“We believe that about 80% of Tata Sons’ holdings might not be monetisable, but the process of restructuring could trigger a re-rating,” it added.
A majority stake in Tata Sons is held by philanthropic trusts of the group, with Sir Dorabji Tata Trust and the Sir Ratan Tata Trust being the biggest among them. Sir Dorabji Tata Trust holds a 28% stake, Sir Ratan Tata Trust a 28% stake and other promoter trusts hold a 14% stake as of March 2023.
Sterling Investment Corporation and Cyrus Investments hold 9% stake each. The group also has several cross-holdings, with Tata Motors and Tata Chemicals holding 3% each, Tata Power Company 2% and IHCL 1% stake.
An earlier report by Kotak Securities said Tata group was considering selling a 5% stake in Tata Sons through the IPO to raise about Rs 55,000 crore at an estimated valuation of Rs 11 trillion.
HNIs use multiple-account route to bypass RBI’s Rs 1-crore limit on IPO funding by NBFCs
High net-worth individuals (HNIs) have been routinely circumventing the Rs 1-crore limit set by the Reserve Bank of India for funding of initial public offerings (IPOs) by NBFCs, market sources told Moneycontrol. They have been doing that by opening multiple accounts with the non-banking finance companies (NBFCs), of which they are the ultimate beneficiary.
To curb the frenzy in the IPO market fuelled by money borrowed from NBFCs, the RBI imposed a ceiling of Rs 1 crore on the amount that NBFCs can lend a borrower for an issue, effective April 1, 2022.
It may have helped, to an extent, temper the previously massive subscriptions in the bigger sized IPOs but has done little to dampen the craze for IPOs of small and micro (SME) enterprises.
Moneycontrol spoke to some of the HNIs who invest in IPOs using borrowed funds and this is how the “system” operates:
HNIs open multiple accounts with the NBFC in the name of family members, their firms, family offices, trusts and even employees.
IPO funding requires the client to put up a certain amount as margin. This may vary between 1 and 10 percent; depending on how many times the NBFC expects the issue to be oversubscribed. Lower the subscription, higher is the margin collected from the clients. Conversely, the margin collected is lower if the issue is expected to see heavy subscription.
Reason being, higher the number of times the issue is subscribed, lesser the number of shares that will be allotted to applicants. So a lower upfront margin will be enough to cover any potential downside if the IPO flops on listing.
Say the client has put up a margin of Rs 50,000 and is allotted shares worth Rs 2 lakh, the NBFC is covered even if the stock falls 20 percent on listing.
JG Chemicals IPO last bidding day today: Check GMP, subscription status, review, key dates, more. Should you subscribe?
JG Chemicals IPO opened for subscription on Tuesday, March 5, and today (Thursday, March 7) is the last day to apply to the issue for those who are interested in subscribing. In the two days that the issue has been available for subscription, both retail and non-institutional investors have responded enthusiastically. JG Chemicals IPO subscription status was 6.40 times, as per BSE data, on the second day. The retail investors portion was subscribed to 8.32 times, Non Institutional Investors (NII) portion was booked 9.64 times, and Qualified Institutional Buyers (QIB) portion was booked at 45%. On day 1, JG Chemicals IPO subscription status was 2.47 times.
It has reserved not more than 50% of the shares in the public issue for qualified institutional buyers (QIB), not less than 15% for non-institutional Institutional Investors (NII), and not less than 35% of the offer is reserved for retail investors.
JG Chemicals IPO price band has been set in the range of ₹210 to ₹221 per equity share of the face value of ₹10. Investors can bid for a minimum of 67 equity shares and in multiples of 67 equity shares thereafter. JG Chemicals raised ₹75.35 crore from anchor investors on Monday, March 4.
Top Stocks to Invest for Long Term in Indian Share Market- 2024
The stock market is a great way to build wealth over time. However, it’s important to have a long-term perspective and understand the benefits of investing stocks for the long haul. Investing in the best stocks to buy for long term investment allows investors to ride out short-term market fluctuations and take advantage of compounding returns. In this article, we’ll discuss long-term stocks to invest in, how to pick them, and a list of best shares to buy for the long term.
Strategies to Select the Best Stock for Long Term Investment
To Wrap It Up…
FAQs
What are Long Term Investment Stocks?
Long term investment stocks mean investing in companies that have strong fundamentals and growth potential, and are held for a period of several years. These long term investment stocks are different from short-term stocks because the latter are typically bought and sold quickly, with the goal of making a profit in a short amount of time. Thus, the long term investing strategy involves buying and holding long term investment stocks that are focused on the company’s long-term growth prospects and fundamentals.
Top 10 Long Term Stocks to Buy in 2024
When it comes to building a solid foundation for your investment portfolio, focusing on long term investment stocks for 2024 or good stocks is the key. Therefore, based on these criteria, below are some of the stocks for long term investment.
Stock Name
Sub-sector
Market Cap (in Cr)
Share Price
5Y Avg Return on Equity (%)
5Y Historical Revenue Growth
5Y CAGR
Bajaj Finance Ltd
Consumer Finance
₹4,48,641.51
₹6,598.15
19.28
26.55
23.55
Titan Company Ltd
Textiles, Apparel & Luxury Goods
₹3,28,263
₹3,559.15
23.76
20.33
31.72
Varun Beverages Ltd
Beverages
₹1,66,364
₹1,347.15
18.42
26.88
59.96
Cholamandalam Investment and Finance Company Ltd
Financials
₹99,434
₹1,157.05
18.68
18.71
40.01
Tube Investments of India Ltd
Consumer Discretionary
₹75,379
₹3,598.25
18.53
24.82
62.35
SRF Ltd
Materials
₹68,921
₹2,283.75
21.38
21.24
41.00
Solar Industries India Ltd
Materials
₹58,432
₹6,731.25
23.04
29.25
46.45
Persistent Systems Ltd
Information Technology
₹63,398
₹8,642
19.01
21.71
70.20
Tata Elxsi Ltd
Information Technology
₹47,362
₹7,721.8
33.61
17.62
53.88
PI Industries Ltd
Materials
₹51,157
₹3,314.45
17.97
23.29
31.82
Note: The data is from 19th January, 2024. However, for real-time updates on stock prices and market trends, visit the stocks collection today!
How to Pick Investment Stocks For Long Term?
When selecting the best share to buy for long term, it’s important to consider a variety of factors. Here are a few key considerations:
Company financials: Look for companies with strong financials, including a healthy balance sheet, positive cash flow, and solid earnings growth.
Management team: A strong management team with a track record of success can help ensure the company is well-run and you can consider it as one of the long term investment stocks.
Competitive advantage: Consider companies with a competitive advantage, such as a strong brand, unique product, or proprietary technology.
Market trends: Search for companies that possess a strong position to capitalize on market trends, such as the transition towards renewable energy or the expansion of e-commerce.
Diversification is an important part of any investment strategy, especially when buying the best shares for long term. Diversification involves spreading your long term investment stocks across a variety of asset classes and sectors to help minimize risk. By diversifying your investments, you reduce your exposure to any single company’s risks and market volatility. At the same time, investors must have a clear idea about their risk appetite and market conditions to achieve their market goals.
Best Long Term Investment Shares-An Overview
Let’s have a look at the long term investment stocks companies that you might be interested to invest in.
Bajaj Finance Ltd
Bajaj Finance Limited (BFL) stands as a prominent non-banking financial company (NBFC) with 73 million customers and assets under management totaling ₹270,050 crore (US$34 billion). According to the Reserve Bank of India’s 2023 list of NBFCs, Bajaj Finance Limited secures the second position in the upper layer, following scale-based regulation guidelines.
Titan Company Ltd
Titan Company Limited, an Indian luxury fashion accessories manufacturer, specializes in jewelry, watches, and eyewear. Established in 1984 as Titan Watches Limited, it expanded its portfolio to include jewelry through Tanishq in 1994 and eyewear through Titan Eyeplus. Fastrack, the youth fashion accessories brand, was introduced in 2005. Part of the Tata Group, Titan is headquartered in Electronic City, Bangalore, and has a registered office in Hosur, Tamil Nadu.
Varun Beverages Ltd
Varun Beverages Ltd, a key player in the RJ Corp group, a diversified conglomerate involved in beverages, quick-service restaurants, dairy, and healthcare, holds the position of the world’s second-largest franchisee (excluding the US) for carbonated soft drinks (‘CSDs’) and non-carbonated beverages (‘NCBs’) under PepsiCo trademarks.
The company operates in 27 Indian States, 7 Union Territories, and 5 international countries, namely Nepal, Sri Lanka, Morocco, Zambia, and Zimbabwe. With a global presence, Varun Beverages runs 37 manufacturing facilities, 31 in India and 6 internationally, utilizing a fleet of over 2500 owned vehicles.
Cholamandalam Investment & Finance Company Ltd
Cholamandalam Investment and Finance Company (CIFCL) is a leading financial services provider in India, offering a wide range of services such as vehicle finance, home loans, SME loans, consumer and small enterprise loans, loan against property, insurance agency, home equity loans, secured business and personal loans, wealth management, stock broking, mutual fund distribution, and various other financial services. With a presence in 1191 branches across the country, CIFCL manages assets totaling over Rs 112,782 Crore.
Tube Investments of India Ltd
Tube Investments of India Limited, initially known as TI Financial Holdings Limited, was established on October 6, 2008, as a wholly-owned subsidiary of the former Tube Investments of India Limited (Demerged Company) under the Companies Act 1956. Through the NCLT-approved Scheme of Arrangement, the Manufacturing Business Undertaking of the Demerged Company became part of the Company on August 1, 2017, with the appointed date being April 1, 2016. Consequently, the Company’s name was changed to Tube Investments of India Limited.
SRF Ltd
SRF Limited, a dynamic chemical multi-business entity, excels in producing industrial and specialty intermediates, claiming market leadership in numerous sectors both in India and globally. Operating in India, Thailand, South Africa, and Hungary, the company spans over 90 countries, categorizing its ventures into Technical Textiles Business (TTB), Chemicals Business (CB), Packaging Films Business (PFB), and Other Businesses.
Solar Industries India Ltd
Solar Industries India Limited produces a wide array of industrial explosives and initiating devices. This includes packaged emulsion explosives, bulk explosives, and explosive initiating systems. The company has diversified into manufacturing military ammunition and boasts the world’s largest packaged explosives facility in Nagpur, India. With 34 manufacturing facilities across India and a global presence in over 65 countries, including manufacturing in 5 countries, Solar Industries is a significant player in the explosives industry.
Persistent Systems Ltd
Persistent Systems Limited, a reliable Digital Engineering Enterprise Modernization partner, collaborates with software product companies and enterprises. With profound technical expertise and industry experience, the company provides unique competitive advantages through its offerings and proven solutions. Working closely with organizations involved in software product development and deployment, Persistent Systems supports them throughout the entire product lifecycle. The team is equipped with proprietary techniques, time-to-market accelerators, connectors, and integration services, facilitating efficient product delivery to end users.
Tata Elxsi Ltd
Tata Elxsi Limited, a subsidiary of the Tata Group, operates globally as a design and technology services company, specializing in product engineering and solution services. The company serves diverse industries such as Automotive, Broadcast Communications, Healthcare, and Transportation. Its operations are divided into Software Development and Services, as well as Systems Integration and Support. Additionally, Tata Elxsi offers product design and engineering services to consumer electronics, communications, and transportation sectors. Moreover, it provides digital content creation for the media and entertainment industry.
PI Industries Ltd
PI Industries Limited (PI) is a leading agri-sciences company, deeply rooted in both domestic and international markets. The company operates three manufacturing facilities in Gujarat, featuring 5 multi-purpose plants at Panoli and 3 at Jambusar. These plants boast advanced high-pressure reaction facilities with cutting-edge automation. Complementing this, the company has two formulation units at Panoli to efficiently cater to the needs of its diverse clientele, both locally and globally. Furthermore, PI’s Research & Development center in Udaipur plays a pivotal role in innovation and advancement within the industry.
How to Invest in the Best Long Term Stocks India?
There are several ways to invest in stocks to invest for long term, including buying individual stocks, mutual funds, and exchange-traded funds (ETFs). Buying individual stocks allows investors to handpick their holdings, but carries a higher level of risk. Mutual funds and ETFs provide diversification and lower risk, but may not offer the same potential for high returns. Investors should choose the best long term stocks to buy that best align with their investment goals and risk tolerance.
Do you have significant financial goals and dreams for your future? Well, investing in the stock market can help you achieve them. But let’s be honest: it is not a walk in the park. The market can be unpredictable and volatile, especially for short-term investments.
But how do you know which are good long-term stocks to buy? How can you spot stocks that stand resilient against market twists? Don’t worry— we have got your back!
We have compiled a list of the 10 best shares to buy today for long-term growth. Whether you are a pro-investor or just starting, our guide will help you make sound investment decisions. So, let’s dive in!
10 Best Long-Term Stocks to Buy in 2024
Choosing the right stocks is crucial. After all, it can be the difference between making a profit and hitting it big! Here are the 10 best shares to buy today for long-term:
Company Stock
Market Cap (crore)
Dividend Yield (%)
Sales Growth (CAGR)
Profit Growth (CAGR)
HDFC Bank
₹11,69,000
1.23
18.7%
19.9%
Hindustan Unilever
₹6,04,408
1.5
9.8%
12.4%
Infosys
₹6,79,000
2.16
10.5%
8.9%
Reliance Industries
₹18,40,000
0.3
12.3%
10.2%
TCS
₹13,97,000
1.32
8.7%
9.5%
IndusInd Bank
₹1,29,000
0.85
21.2%
23.7%
Deepak Nitrite
₹31,805
0.3
24.9%
55.6%
Eicher Motors
₹1,03,851
0.98
8.1%
9.6%
ICICI Bank
₹6,87,000
0.8
15.9%
13.5%
Asian Paints
₹3,11,000
0.8
9.1%
14.2%
1. HDFC Bank
Market cap: ₹11,69,000 crore
Dividend yield: 1.23%
Sales Growth: 18.7% (CAGR)
Profit Growth: 19.9% (CAGR)
With a strong foothold in the retail banking sector, HDFC has a proven track record of delivering exceptional financial performance and high profitability.
The company has a diversified loan portfolio, a low non-performing asset ratio, and a robust brand value. So, if you are looking for a stable and growing dividend income and capital appreciation, HDFC Bank is a solid choice.
2. Hindustan Unilever
Market cap: ₹6,04,408 crore
Dividend yield: 1.5%
Sales growth: 9.8% (CAGR)
Profit growth: 12.4% (CAGR)
Are you seeking a resilient stock offering steady growth and dividends? Look no further than Hindustan Unilever! This company boasts strong corporate governance, a high return on capital employed, and a consistent dividend payout policy.
With a strong brand portfolio, a loyal consumer base, and a robust innovation pipeline, Unilever is a good bet.
3. Infosys
Market cap: ₹6,79,000 crore
Dividend yield: 2.16%
Sales growth: 10.5% (CAGR)
Profit growth: 8.9% (CAGR)
If you want to invest in a company with a global footprint and a focus on innovation and research, then Infosys is the way to go! Infosys also has a healthy balance sheet, high cash flow generation, and a generous dividend payout policy.
Plus, the company is well-positioned to benefit from the increasing demand for IT services and digital solutions.
4. Reliance Industries
Market cap: ₹18,40,000 crore
Dividend yield: 0.3%
Sales growth: 12.3% (CAGR)
Profit growth: 10.2% (CAGR)
Reliance is India’s largest conglomerate with diverse oil and gas, telecom, retail, digital, and media avenues. Its strong financial position and consistent dividends make it perfect for long-term investors.
So, if you want to benefit from diversification and digitalisation trends, choose this best long-term stock.
5. TCS
Market cap: ₹13,97,000 crore
Dividend yield: 1.32%
Sales growth: 8.7% (CAGR)
Profit growth: 9.5% (CAGR)
As India’s largest and most profitable IT services company, TCS boasts a global presence and a diversified service portfolio. With a loyal client base and a strong balance sheet, it is the best share to buy for the long term.
Plus, with its generous dividend payout policy, you can rest assured that your investment is in good hands.
6. IndusInd Bank
Market cap: ₹1,29,000 crore
Dividend yield: 0.85%
Sales growth: 21.2% (CAGR)
Profit growth: 23.7% (CAGR)
Looking for a rapidly expanding private-sector bank in India? IndusInd Bank is a name you can trust. With a sound financial position and consistent dividend payments, they cater to underbanked population segments. A value-oriented and growth-focused stock worth considering!
7. Deepak Nitrite
Market cap: ₹31,805 crore
Dividend yield: 0.3%
Sales growth: 24.9% (CAGR)
Profit growth: 55.6% (CAGR)
The company offers a killer combination of high revenue, low debt, and impressive free cash flow. It is one of the good stocks to buy for the long term.
So, if you are a long-term investor looking for value and diversification-oriented shares, Deepak Nitrite can boost your wealth creation.
8. Eicher Motors
Market cap: ₹1,03,851 crore
Dividend yield: 0.98%
Sales growth: 8.1% (CAGR)
Profit growth: 9.6% (CAGR)
Eicher Motors is the flagship company of the Eicher Group, with an incredible track record of delivering solid revenue and profit growth. It focuses on brand building, product innovation, network expansion, and customer loyalty!
Moreover, the company has a high operating margin, return on equity, and free cash flow – making it one of the best stocks to buy for the long term.
9. ICICI Bank
Market cap: ₹6,87,000 crore
Dividend yield: 0.8%
Sales growth: 15.9% (CAGR)
Profit growth: 13.5% (CAGR)
ICICI shares are good stocks to buy for long-term investors who want to benefit from the growth potential of the Indian banking sector.
As India’s most prominent paint company, Asian Paints has a dominant market share and an extensive distribution network. It could be an excellent choice if you want to put your money in a defensive stock with tremendous value!
Factors to Consider
Now you know the 10 best shares to buy today for the long term, but how do you assess which are right for you? Here are some crucial factors to remember:
Look at the company’s financial health, profitability, and competitive positioning.
You will also want to analyse industry growth prospects, considering market dynamics, competition, and technological shifts.
Reckon the leadership and management team’s track record and vision for the future.
Consider macroeconomic factors like interest rates and inflation that may impact a stock’s performance.
Summing Up
Investing in the stock market can be a lucrative approach that pays off in the long run. You can make informed decisions by selecting top-performing companies and considering key metrics.
Remember to research well and make smart decisions, and you’ll be able to maximise benefits from your investments.
FAQs
2. Are these shares suitable for conservative investors?
No, not all shares are created equal! Some are perfect for traditional investors due to their stability and consistent performance. Speak to a financial advisor to align your investments with your goals and risk tolerance.
2. How should I allocate funds among these 10 best long-term stocks?
The best strategy is to diversify your investment across multiple sectors and companies. Consider your risk appetite, investment goals, and stock performance before parking your funds.
3. How often should I review my long-term investment portfolio?
You must check your portfolio quarterly or semi-annually. It allows you to assess the performance of your assets and make any necessary adjustments.
Since flying cars weren’t viable in 2022, the paradigm shift from investing in traditional fuel guzzlers to investing in electric vehicle stocks in India is the new hot bait.
Therefore, the Indian government views electric mobility as a key tool to reduce emissions and improve air quality with its ambitious 30% EV penetration target by 2030.
Investors looking to get into an industry that is expected to grow exponentially in the upcoming years might consider investing in India’s electric vehicle stocks. So, no matter what level of experience you have, you can consider investing in electric vehicle stocks in India, on smallcase!
Let’s understand more about electric vehicle stocks in India through this blog. We will also highlight some of the best EV stocks to buy in 2023 and popular electric vehicle smallcases.
Table of Contents
What are Electric Vehicle Stocks India?
List of Top Electric Vehicle Stocks in India
Top Electric Vehicles Companies in India – An Overview
HBL Power Systems Ltd
Ecoplast Ltd
Olectra Greentech Ltd
Servotech Power Systems Ltd
JBM Auto Ltd
Avance Technologies Ltd
Tata Motors Ltd
Hindustan Copper Ltd
Bajaj Auto Ltd
Greaves Cotton Ltd
Features of Best EV Stocks in India
How to Invest in Electric Vehicle (EV) Stocks in India?
Explore Readymade Stock Baskets for Electric Vehicle Stocks India
Union Budget 2023-24
Transition of the Auto Industry to Clean Mobility
A Comprehensive Roundup of Indian EV Policies
National Electric Mobility Mission Plan (NEMMP)
Faster Adoption and Manufacturing of Electric Vehicles (FAME) Scheme
State EV Policies
Public Charging Infrastructure
Green Urban Transport Scheme (GUTS)
What Factors One Should Consider Before Investing in Electric Vehicle Stocks in India?
What are the Benefits of Electric Vehicle (EV) Stock Portfolios?
To Wrap It Up…
FAQs
What are Electric Vehicle Stocks India?
The full form of EV stock is electric vehicle stocks in India. This encompasses shares of companies involved in producing, manufacturing, and distributing electric vehicles, batteries, motors, EV software, and other charging stations.
In addition to having lower fuel costs (or none at all), electric vehicles emit significantly fewer emissions. Thus, this in turn, also benefits the environment. With the Indian government’s focus on electric mobility, the best EV stocks in India are slowly becoming the mainstream choice for consumers. Therefore, if you are interested, now might be the right time for you to start exploring EV stocks in India and other related sectors such as battery stocks in India.
List of Top Electric Vehicle Stocks in India
The best electric vehicle stocks in India are poised to benefit from the country’s push towards clean energy solutions. Hence, we have listed some of the top EV sector stocks in India with current EV share prices below.
Top EV Companies
Category
Market Cap (in Cr)
Stock Price
HBL Power Systems Ltd
Batteries
₹14,645
₹531.4
Ecoplast Ltd
Chemical Commodity
₹113
₹383.85
Olectra Greentech Ltd
Electrical Components & Equipments
₹17,525
₹2,094
Servotech Power Systems Ltd
Electrical Components & Equipments
₹2,126
₹97.4
JBM Auto Ltd
Auto Parts
₹ 28,163
₹2,303.7
Avance Technologies Ltd
IT Services & Consulting
₹241.79
₹1.36
Tata Motors Ltd
Four Wheelers
₹3,41,105
₹925.7
Hindustan Copper Ltd
Mining-Copper
₹24,663
₹250.1
Greaves Cotton Ltd
Machinery
₹3,832
₹161.65
Note: The data on the top electric vehicle company shares in India in the list is from 23rd January 2024. However, for real-time updates on EV share price and market trends, visit the smallcase stocks collection today!
DISCOVER
Top Electric Vehicles Companies in India – An Overview
Let’s have a look at the best electric vehicle stocks in India down below:
HBL Power Systems Ltd
HBL Power Systems Ltd. is a leading provider of advanced battery and power electronics solutions. It caters to diverse industries globally. With a strong focus on research and development, this EV stock offers a comprehensive range of products and services. Therefore, this includes batteries for various applications such as automotive, industrial, defence, and telecom sectors.
Ecoplast Ltd
Ecoplast Ltd. is one of the well-established Indian electric vehicle stocks. It has a strong presence in the production and supply of multilayer polyethylene films. Thus, they have been operating for over 40 years, earning a reputation for high-quality products, innovation, and reliable service.
Olectra Greentech Ltd
Megha Engineering and Infrastructures Ltd is a subsidiary. These types of EV shares of a company play a pivotal role in electric bus manufacturing. One of their bus models, the K9, has a special braking system that saves 30% of energy and charges faster. Therefore, they are also the only company making Tarmac electric buses for Indian airports.
Servotech Power Systems Ltd
Servotech Power Systems Ltd is a leading provider of power solutions. It specialises in the design, manufacturing, and distribution of a wide range of electrical equipment and systems. Such EV shares are primarily focused on various projects wherein the company has introduced solar panels for charging batteries and photovoltaic (PV) ports. Thus, the company’s products include Electric Vehicle (EV) Charger, Power & Backup, Light Emitting Diodes (LEDs), and other solar products. The EV Chargers include AC Charger and DC Charger.
JBM Auto Ltd
JBM stands out as a major player in the electric bus manufacturing sector. The company plays a significant role in producing electric buses and associated components, thereby fostering the development of eco-friendly public transportation in India. Additionally, this electric vehicle stocks in India, JBM Auto serves as a charge point operator. Facilitating the establishment of EV charging infrastructure for cab aggregators in key Indian urban centres.
Avance Technologies Ltd
Avance Technologies Ltd is an India-based information technology (IT) company founded in 1985. Such EV shares specialise in helping businesses grow through a variety of digital marketing and technology solutions. From software development to hardware solutions, Avance Technologies leverages its expertise to deliver high-quality and tailored solutions. As a result, it drives efficiency and growth for businesses worldwide.
Tata Motors Ltd
It’s one of the oldest car makers around in India. They have three electric car models: Tata Nexon EV Prime, Tata Nexon EV Max, and Tata Tigor EV. Analysts recommend buying their stock as it’s considered a good deal right now.
Hindustan Copper Ltd
Hindustan Copper Limited (HCL) is a government-owned enterprise overseen by the Ministry of Mines, Government of India. Established on November 9th, 1967, it holds the distinction of being India’s sole entity dedicated to copper ore mining. HCL possesses exclusive mining leases for copper ore and operates as the sole integrated producer of refined copper. Additionally, it operates across three mines, two smelters, and one refinery situated in the Singhbhum Copper Belt of Jharkhand.
Bajaj Auto Ltd
Bajaj Auto Ltd. is one of India’s leading automobile manufacturers, renowned for its motorcycles, scooters, and three-wheeled vehicles. Through a press release, Bajaj Auto Ltd had announced a new Electric Vehicle manufacturing unit for India with Rs 300 Cr (USD 40 Mn). Regarding the new division, Mr. Rajiv Bajaj, the Managing Director of Bajaj Auto Ltd., has expressed his thoughts. “In 2001, Bajaj 2.0 embarked on a successful journey with the powerful Pulsar; now in 2021, Bajaj 3.0 emerges with the iconic Chetak. Moving ahead, all our research and development efforts are dedicated to crafting electric vehicle solutions.”
Greaves Cotton Ltd
Greaves Electric Mobility Private Limited (GEMPL), a division of Greaves Cotton Limited (GCL), stands as a prominent figure in India’s electric vehicle (EV) technology sector. Additionally, Greaves Finance Limited, a subsidiary of Greaves Cotton Ltd functioning as a non-banking financial company (NBFC), has forged a partnership with ElectricPe, an EV solutions provider. This collaboration operates through evfin, ElectricPe’s electric vehicle ownership platform, aiming to enhance accessibility to EV ownership. By teaming up, customers of ElectricPe can now benefit from tailored financing solutions provided by Greaves Finance, designed to suit their specific requirements and preferences.
Features of Best EV Stocks in India
Choosing the best EV stock in India depends on your investment goals and risk tolerance. However, some key features to look for include:
Strong Financials: The best EV stocks should have a solid track record of profitability and positive cash flow.
Market Leadership: The company should be a leader in the Indian EV market, with a strong brand and a wide range of products.
Growth Potential: The electric vehicle stock company should be well-positioned to take advantage of the growing EV market in India.
Experienced Management Team: The electric vehicle stock company should have a management team with experience in the automotive industry and a clear vision for the future.
How to Invest in Electric Vehicle (EV) Stocks in India?
Are you ready to steer your investments towards an electrifying future? If yes, then you can consider Electric Vehicle stocks in India. With the world rapidly transitioning towards sustainable transportation, investing in EV stocks India has the potential to become a game-changer. And the best way to get in on the action is through a trusted broker account.
Explore Readymade Stock Baskets for Electric Vehicle Stocks India
Electric Vehicles (EVs) are revolutionizing the automotive industry, and there’s never been a better time to consider investing in this cutting-edge sector. But with so many EV companies and related stocks out there, finding the right investments can be a daunting task. That’s where smallcase comes in.
Introducing smallcase’s ready-made stock baskets for EVs – your ticket to jump-start your portfolio and tap into the enormous potential of the electric vehicle stocks India portfolio.
Thus, with smallcase, you can invest in multiple stocks with just one click. Further, smallcase portfolios are highly customizable, allowing you to add or remove stocks to suit your investment objectives.
Steps to Follow
Here’s how you can invest in EV stocks smallcases in India:
Sign up to create an account on a smallcase website or app and complete the KYC process.
Browse the available smallcases on the platform and look for those focused on EVs or renewable energy. Some popular options include the Electric Mobility smallcase or the Green Energy smallcase.
After finding an interesting smallcase, click on it to view the stocks in the portfolio and their historical performance.’
If you’re satisfied with the smallcase, click the “Invest” button with your preferred broker and enter the amount.
You’ll need to link your bank account to complete the transaction. Once you invest, the platform will add the smallcase to your portfolio.
Monitor the performance of the electrical vehicle smallcase over time and consider rebalancing your portfolio if necessary.
However, if you’re confused about which stocks to pick, you can explore smallcases:
smallcases are readymade portfolios of stocks/ETFs, that are based on a theme idea or strategy
They’re created and managed by SEBI-registered experts
smallcase.com offers over 200+ stock portfolios, created by 180+ managers
Some of the popular smallcases among new investors are as follows:
Disclosures for aforementioned smallcases
Disclosures for Green Energy smallcase
Union Budget 2023-24
Transition of the Auto Industry to Clean Mobility
“India is moving forward firmly for the ‘panchamrit’ and net-zero carbon emission by 2070 to usher in a green industrial and economic transition. This budget builds on our focus on green growth.”
The union budget for 2023-24 has been promising for the EV sector. On Wednesday, finance minister Nirmala Sitharaman spoke about green energy and electric vehicles in her Budget speech.
Sitharaman extended a slew of positive policy developments around India’s G-20 presidency by announcing custom duty exemption for manufacturing lithium-ion batteries. As a result, setting up a manufacturing unit of EVs in India has become more affordable due to this celebration move.
Further, the investment of 35,000 crores demonstrates India’s commitment to the energy transition and aligns it with major countries like China. Additionally, with the push for the scrappage policy, the Central and state government will provide a 25% rebate road tax where “states will also be supported to scrap old vehicles and ambulances”. At last, the Union Ministry’s budget proposal for 2023-24 calls for increased EV adoption, which will increase the demand for EV chargers. As a result, investing in electric vehicle stocks in India can be a smart move for you if you’re interested in buying EV stocks India portfolio on a smallcase platform.
A Comprehensive Roundup of Indian EV Policies
India has been making significant efforts towards promoting the electric vehicles sector (EVs) as a sustainable mode of transportation. Here is a comprehensive roundup of Indian EV policies:
National Electric Mobility Mission Plan (NEMMP)
The NEMMP was launched in 2013 to promote EV development and adoption in India. The plan aims to achieve national fuel security and reduce vehicular pollution by encouraging hybrid and electric vehicles. The NEMMP plans to invest around Rs.14000 crores to foster R&D efforts and is projected to save 9,500 litres of crude oil.
Faster Adoption and Manufacturing of Electric Vehicles (FAME) Scheme
As part of NEMMP, the government even launched the FAME India scheme. This was to promote hybrid and electric vehicle manufacturing so India becomes completely electrified by 2030. It’s a governmental incentive scheme that focuses on four major areas. These include Technology development, Demand Creation, Pilot Projects, and Creation, Pilot Projects, and Charging Infrastructure.
State EV Policies
State EV policies refer to government policies and regulations implemented at the state level. This is to promote the adoption and usage of electric vehicles (EVs). These policies can vary depending on the state. It may include a range of measures such as financial incentives, regulations, and infrastructure development. Some notable ones include the Maharashtra EV Policy, Delhi EV Policy, Andhra Pradesh EV Policy, Tamil Nadu EV Policy, and Gujarat EV Policy.
Public Charging Infrastructure
Public Charging Infrastructure refers to the network of charging stations. It is related equipment that is publicly accessible and used for charging the electric vehicle sector (EVs). The government has set a target of establishing 69,000 public charging stations for EVs by 2025. To achieve this target, the government is providing financial incentives to companies to set up public charging infrastructure.
Green Urban Transport Scheme (GUTS)
The GUTS was launched in 2018 to promote the adoption of sustainable transport systems in cities. Therefore, the scheme provides financial assistance to state governments to develop urban transport infrastructure, including EV charging infrastructure.
What Factors One Should Consider Before Investing in Electric Vehicle Stocks in India?
Here are some of the essential factors to consider before investing in electric vehicle stocks list in india:
Government Policies: The Indian government has been promoting the adoption of EVs through various policies, including subsidies and tax exemptions. Investors should monitor the government’s policies and regulations related to the best EV stocks India, as they can significantly impact the industry’s growth.
Market Potential: The electric vehicle market size is huge in India, with a growing middle class and increasing awareness of environmental issues. Investors should assess the stock market potential for EVs in India, as well as the competitive landscape for potential growth.
Check M&A’s (Mergers & Acquisitions): Mergers and acquisitions, or M&A, refer to combining two or more companies into one. Thus, an investor must search and pay extensive attention to these companies before making an investment decision.
Remove Losing Stocks from your Portfolio: Recovery from steep declines cannot be predicted. Therefore, recognize the patterns and sell the underperforming stocks. Additionally, avoid further losses as soon as you realize they are not churning out any profits.
What are the Benefits of Electric Vehicle (EV) Stock Portfolios?
EV stock portfolios in India offer several benefits, including:
Exposure to a Growing Market: Top EV stocks India provide investors with an opportunity to invest in a growing market. A report by BloombergNEF predicts that EVs will comprise 31% of global passenger vehicle sales by 2030.
Diversification: Electric vehicle stock portfolios in India offer diversification benefits for you. Thus, diversify risk across different industries like renewable energy, EV battery stocks, manufacturing, and charging infrastructure. You can also invest in electric vehicle battery stocks and EV charging station stocks in India.
Potential for High Returns: The electric vehicle growth in India could potentially translate into high returns for investors. As demand for EVs increases, companies with electric vehicle stocks in India could see their stock prices rise.
Environmental Benefits: Investing in electric mobility stocks can also have ecological benefits. By supporting companies involved in the development and production of EVs, you can accelerate the transition to a low-carbon transportation system.
Favourable Government Policies: Governments worldwide are offering incentives and subsidies to promote the adoption of electric vehicles. Therefore, this supports the growth of the electric mobility industry.
Innovation and Technology: Electric vehicle stocks in India are still relatively new, and there is significant room for innovation and technological advancements, providing potential for future growth.
To Wrap It Up…
To conclude, electric vehicle stocks in India present an exciting possibility for an investment opportunity. Thus, investing in the top EV stocks portfolio may allow investors to gain exposure and potentially reap high returns.
If you don’t want to miss out on the opportunity to be a part of the electric vehicle (EV) revolution, smallcase is here to help you. Take the first step toward a more sustainable and profitable future with smallcase today! Happy Investing!
FAQs
1. What are the best electric vehicle stocks should I buy?
The 5 best EV company shares in India are as follows:
1. HBL Power Systems Ltd
2. Ecoplast Ltd
3. Olectra GreenTech Ltd
4. Servotech Power Systems Ltd
5. JBM Auto Ltd
Note: This information is provided for educational purposes and is not intended as a recommendation or endorsement.
2. How can I invest in electric vehicle stocks in India?
To invest in electric vehicle stocks in India, research and identify promising companies in the EV sector listed on Indian stock exchanges, open a Demat account, & then use a brokerage platform to buy stocks. Additionally, one can also invest in an electric vehicle stocks portfolio via smallcase to avoid any hassle.
3. Will electric vehicle stocks be successful in India?
Yes, electric vehicle stocks in India or EV stocks India are likely to be successful in India. The country has a large population and a growing middle class, both could drive demand for EVs. However, investors must evaluate this risk appetite and investment goals before investing in EV stocks in India.
4. Is it a good time to invest in EV stocks in India?
The timing to invest in EV (Electric Vehicle) stocks depends on your financial goals, risk appetite and market conditions. Evaluate the EV sector stocks growth prospects, and company performance, and consider seeking advice from financial experts for personalised guidance.
5. Who should invest in EV sector Stocks?
EV sector stocks are suitable for investors interested in sustainable technology, and potential long-term growth, and who understand the associated risks. Ensure it aligns with your investment goals and risk tolerance before investing. However, one must evaluate their risk appetite and investment goals before investing in the best electric vehicle stocks or EV stocks India.
A picture says a thousand words, and similarly, a movie can tell an entire story in one scene or even one dialogue. There is so much to learn from the media we have access to in these modern times. Even when it comes to topics like economy, stock market, business, countless acclaimed movies have been made based on them over the last few decades.
For the best financial movies, you should turn your attention to Hollywood, but that doesn’t mean that Bollywood and Hindi movies are far behind. Most of the award winning movies come from the Hollywood box with great star casts that can fetch you back multiple times the price of your ticket. Moreover, these movies are made on realistic and true events and that makes them even more fascinating, until you go and try some of the negative aspects shown there!
Here is a list of some of the best stock market movies in Hindi and English for those who are wondering how to make a career in the stock market.
Top 10 Stock Market Movies
The Wolf of Wall Street (2013) This Hollywood blockbuster earned praise for its portrayal of the life and career of Belfort, a Wall Street stockbroker. The film follows Belfort’s trajectory as he goes from an entry-level job to massive losses due to Black Monday, into a pump-and-dump penny stock scheme, opening his own new firm which is investigated by the US SEC and FBI. Is performed. It covers the world of finance and its corrupt structures and is arguably one of the best stock market films. To this day, The Wolf of Wall Street is unanimously one of the best films in the Hollywood screen library, starring the immensely talented Leonardo DiCaprio in one of his most credible roles. Directed by the equally renowned Martin Scorsese, the film brings to the fore the reality of the ups and downs of Wall Street and how circumstances can change drastically even for a “wolf”. The film caused a boom in the film market as it grossed $392 million at the box office.
Bazaahttps://mastitime24.com/r (2018) A thriller-drama film, Bazaar is based on the life of a stock trader. Appointed for his business acumen, Rizwan becomes embroiled in insider trading and corrupt networks. As a film related to the stock market, it takes a good look at what it takes to actually work in the field.
As far as stock market movies in Hindi are concerned, the market is close to the realities that many traders may experience in their trading journeys. This movie is based precisely against the three things that can make or break you in the stock market today: money, power, and business. Although it was one of the first major films on a new theme in Hindi cinema, it was well received. The audience, while acknowledging that the plot was good, criticized the screenplay as being too predictable.
The Big Short (2015) The Big Short is based on the real events of the 2008 financial crash and follows three separate stories: Michael Burry’s successful fund venture, Jared Vennett’s entry into the CDS market and how Geller and Shipley made huge profits from shorting. This is a great stock market movie and although it mainly focuses on debt securities, it covers many important trading concepts and also gives the audience an idea of the impact of unexpected events.
Starring Christian Bale, Steve Carell, Ryan Gosling, and Brad Pitt, The Big Short had no shortage of praise for its authentic portrayal of stock market pitfalls. Noted for the unconventional methods used to explain certain financial instruments, the film is remembered for its financial prowess and notable performances, particularly Christian Bale’s performance. Even today it is considered better than any new age stock market web series on the big screen.
Gafla (2006) Inspired by the real-life scam committed by Harshad Mehta in 1992, the film follows the journey of a middle-class man who tries his luck in the stock market and gets entangled in a crime.
This is the story of a very ordinary man living an ordinary life. However, he accidentally ends up in the stock market and the film is shown through his eyes and experiences. He has big dreams, which he pursues and achieves some success. However, the element of greed takes over and he finds himself in the middle of a scam in which he is trapped.
Indian stock market today: Experts recommend eights stocks to buy or sell today — TVS Motor, HFCL, L&TFH, CUB, HUDCO, CDSL, Gujarat Fluorochemicals, and SONACOMS
Day trading guide for Indian stock market today: On account of weak global market sentiments, the Indian stock market ended lower on Monday. The Nifty 50 index lost 90 points and closed at the 22,122 level, the BSE Sensex dipped 352 points and ended at the 72,790 mark whereas the Bank Nifty index corrected 235 points and closed at the 46,576 level. In the broad market, the small-cap index fell less than the Nifty 50 index even as the advance-decline ratio fell to 0.64:1.
According to Indian stock market experts, the Nifty 50 index is in the 22,050 to 22,250 range and breakout on either side will provide a proper direction. On stocks to buy today, experts listed out eight buy or sell stocks — TVS Motor, HFCL, L&TFH, CUB, HUDCO, CDSL, Gujarat Fluorochemicals, and SONACOMS.
Day trading guide for stock market today
On the outlook for the Nifty 50 today, Nagaraj Shetti, Senior Technical Research Analyst at HDFC Securities said, “The near-term uptrend of the Nifty 50 index remains intact. Having faced a hurdle at 22,250 to 22,300 levels, there is a possibility of a minor dip in the market next week and that could be a buy-on-dips opportunity. Immediate support for Nifty today is placed at 22,040 levels.”
Vaishali Parekh, Vice President — Technical Research at Prabhudas Lilladher said, “The Bank Nifty index as compared to the Nifty 50 index is witnessing sluggishness and with near-term support maintained near the 50EMA level of 46,200 zones, it would need to breach above the 47,300 band to trigger for fresh upward move.”
On the outlook for the Indian stock market today, Aditya Gaggar Director of Progressive Shares said, “With a bearish divergence in RSI, the Nifty 50 index has made a small bearish candle. The 50-stock index is oscillating in a range of 22,050 to 22,250 and breakout on either side will provide a proper direction.”
Nifty Call Put Option data
Speaking on the Nifty Call Put Options data, Chinmay Barve, Head of Technical and Derivative Research at Profitmart Securities said, “One of the major total Call open interest was seen at 22300 and 22500 strikes with total open interest of 139498 and 147503 contracts respectively. The strike price of 22200 saw one of the major open interest addition of 58873 contracts,” adding, “One of the major Put open interests was seen at 22000 and 21900 strikes with a total open interest of 136278 and 97725 contracts respectively. One of the major Put open interest additions was seen at 22100 strike which added 32393 contracts in open interest.”
Bank Nifty Call Put Option data
On Bank Nifty Call Put Options data, Chinmay Barve of Profitmart Securities said, “One of the major total Call open interest was seen at 46800 and 47000 strikes with total open interest of 102010 and 252013 contracts respectively in open interest. The strike price of 46700 saw one of the major additions of 55906 contracts in open interest,” adding, “One of the major total Put open interest was seen at 46500 and 46000 strikes with a total open interest of 136143 and 136701 contracts respectively. One of the major Put open interest additions was seen at 46600 strike which added 41208 contracts in open interest.”
Day trading stocks for today
On stocks to buy today, stock market experts — Sumeet Bagadia, Executive Director at Choice Broking; Ganesh Dongre, Senior Manager — Technical Research at Profitmart Securities; Shiju Koothupalakkal, Technical Analyst at Prabhudas Lilladher; and Mitesh Karwa, Research Analyst at Bonanza Portfolio — recommends eight stocks to buy or sell today.
Sumeet Bagadia’s stock recommendations
1] TVS Motor: Buy at ₹2162.10, target ₹2330, stop loss ₹2080.
TVS Motor share is presently trading at ₹2162.10 levels, bouncing from its initial support of ₹2080 levels which is also close to its 20 Day EMA levels. On the daily chart, the stock has formed a strong bullish candle indicating strength in the stock.
2] HFCL: Buy at ₹115.10, target ₹123, stop loss ₹111.80.
HFCL share price, currently trading at ₹115.10, is displaying a bullish trend characterized by higher highs and higher lows. This pattern, combined with substantial trading volume, indicates a growing interest in the market and the potential for further upward movement.
Ganesh Dongre’s stocks to buy today
3] L&TFH: Buy at ₹171, target ₹180, stop loss ₹167.
In the short-term trend, the stock has a bullish reversal pattern, technically retrenchment could be possible till ₹180. So, holding the support level of ₹167 this stock can bounce toward the ₹180 level in the short term. Hence, the trader can go long with a stop loss of ₹167 for the target price of ₹180.
4] CUB or City Union Bank: Buy at ₹135, target ₹144, stop loss ₹131.
In the short-term trend, the stock has a bullish reversal pattern, technically retrenchment could be possible till ₹134. So, holding the support level of ₹135 this stock can bounce toward the ₹144 level in the short term. Hence, the trader can go long with a stop loss of ₹135 for the target price of ₹144.
Shiju Koothupalakkal’s day trading stocks
5] HUDCO: Buy at ₹203.45, target ₹218, stop loss ₹198.
The stock after a short period of consolidation has improved the bias with a trend reversal indicated by rising volume participation and is expected to perform well in the coming days. We suggest buying the stock for an initial upside target of ₹218 keeping the stop loss of ₹198.
6] CDSL: Buy at ₹1900, target ₹1975, stop loss ₹1860.
The stock after the decline has once again shown improvement taking support near the significant 50EMA level of ₹1820 zone and indicating a decent pullback to improve the bias. With the RSI also signaling a buy with a trend reversal confirmed, we suggest buying the stock for an initial target of ₹1975 levels keeping the stop loss of ₹1860.
Mitesh Karwa’s buy or sell stocks
7] Gujarat Fluorochemicals: Buy at ₹3695 to ₹3698, target ₹3800, stop loss ₹3645.
Gujarat Fluorochemicals is seen to be breaking out of a bullish pattern formation on the daily timeframe and making a bullish candlestick which is why a buy recommendation is initiated for targets up to ₹3800. One can initiate a buy on a dip in the range of ₹3695 to ₹3698 with a stop loss below ₹3645 on a daily closing basis.
8] SONACOMS: Buy at ₹662 to ₹664, target ₹700, stop loss ₹640.
SONACOMS share price is seen to be breaking out of a resistance zone on the daily timeframe and making a bullish candlestick which is why a buy recommendation is initiated for targets up to ₹700. One can initiate buy on a dip in the range of ₹662 to ₹664 with stop loss below ₹640 on a daily closing basis
BGMEA president Faruque Hassan highlighted Bangladesh RMG industry’s focus on value-added garments crafted from manmade fibres.
He discussed BGMEA’s initiatives to promote high-value garments using the local heritage fabrics.
BGMEA director Barrister Vidiya Amrit Khan and Shams Mahmud, chair of BGMEA Foreign Mission Cell, also attended the meeting.
The president of the Bangladesh Garment Manufacturers and Exporters Association (BGMEA) Faruque Hassan, recently called on Jahangir Kabir Nanak, the minister of textiles and jute, at the secretariat in capital Dhaka.
The discussion primarily revolved around bolstering the apparel and textile industry in Bangladesh, with a specific emphasis on augmenting the local textile sector’s capacity in non-cotton yarn and fabric production.
The meeting delved into strategies aimed at amplifying value addition within the readymade garments (RMG) sector by using yarn and fabrics sourced from the domestic textile mills.
Notably, the BGMEA chief underscored the RMG industry’s concerted efforts towards manufacturing value-added apparels using manmade fibres to cater to the growing global demand.
Highlighting the industry’s trajectory towards sustainability and circularity, the BGMEA chief emphasised the significance of exploring alternatives such as fabric production from jute, aligning with the surging preference for eco-friendly garments worldwide.
He also called for support from the textiles and jute ministry’s in facilitating research endeavours, aimed at fabricating sustainable materials like jute and bamboo. Faruque Hassan also elaborated on BGMEA’s initiatives to propel the development of high-value fashionable garments using locally woven heritage fabrics such as muslin, jamdani, and khadi, aiming to link them with the export market.
Present at the meeting with the BGMEA president were several key figures from the garment makers’ body including BGMEA director Barrister Vidiya Amrit Khan and Shams Mahmud, chair of the BGMEA Standing Committee on Foreign Mission Cell.
Asconet Technologies IPO Details: Asconet Technologies IPO date has been finalized, the IPO will open on 16th February and close on 20th February. Asconet Technologies is an NSE SME IPO which will raise Rs 28.22 crore through IPO. The price band of Asconet Technologies IPO has been fixed at ₹80 to ₹84 with a market lot of 1600 shares. table of contents
Asconet Technologies IPO Review Asconet Technologies IPO Date and Price Band Details Asconet Technologies IPO Market Lot Asconet Technologies IPO Dates Asconet Technologies IPO Form Asconet Technologies Company Financial Report Asconet Technologies IPO Valuation – FY2023 peer group company promoter Asconet Technologies IPO Registrar Asconet Technologies IPO Allotment Status Asconet Technologies IPO Lead Managers aka Merchant Bankers Company Address Asconet Technologies IPO FAQs Leave a Reply Cancel reply Asconet Technologies Private Limited, established in 2012, is engaged in the business of catering to a wide range of IT requirements such as high-end supercomputing solutions, data center facilities, storage servers, network security, virtualization and data security. Their comprehensive solutions meet the needs of SMEs, large enterprises and public sector customers. Additionally, Esconet extends its capabilities in the cloud services domain through its wholly owned subsidiary ZeaCloud Services, ensuring its customers have access to cutting-edge technology and a seamless IT infrastructure experience. Asconet offers a robust suite of server solutions carefully designed to meet the diverse and evolving needs of enterprises. These solutions include state-of-the-art hardware configurations, seamless networking, and secure storage options, providing businesses a reliable foundation to build on. Moving forward with the data-driven era, Asconet goes beyond traditional server services and systematically integrates machine learning tools and artificial intelligence into its portfolio.
Asconet provides a wide range of systems integration services that include total IT solutions including hardware, network and software implementation. Keeping in mind the customer requirements, Asconet also provides tailor-made services that will suit the operational needs and objectives of their respective customers. Objectives of the issue: Working capital requirement of the company Investment in a wholly owned subsidiary, viz. ZCloud Services Private Limited, to fund its capital expenditure expenditure general corporate expenses Asconet Technologies IPO Review may apply Asconet Technologies IPO Date and Price Band Details IPO opens: February 16, 2024IPO closes: February 20, 2024 IPO size: Approximately ₹28.22 crore, 3,360,000 equity shares Face value: ₹10 per equity share IPO price band: ₹80 to ₹84 per equity share IPO Listing: NSE SME Retail Quota: 35% of net offer QIB Quota: 50% of net offer NII Quota: 15% of net offer Asconet Technologies IPO Market Lot The minimum market lot of Asconet Technologies IPO is 1600 shares with application amount of ₹134,400.
Application Lot Size Share Amount Retail Min 1 1600 ₹134,400 Retail Max 1 1600 ₹134,400 S-HNI Minimum 2 3200 ₹268,800 Asconet Technologies IPO Dates Asconet Technologies IPO date is 16th February and IPO closing date is 20th February. The IPO allotment date is 21st February and the IPO may get listed on 23rd February.
IPO opening date: February 16, 2024
IPO closing date: February 20, 2024
Basis of allotment: February 21, 2024
Refund: February 22, 2024
Credit to demat account: February 22, 2024
IPO Listing Date: February 23, 2024
You can check IPO subscription status and IPO allotment status on their respective pages.
Atmastco IPO: The initial public offering of engineering, procurement and construction firm Atmastco Ltd, which opened for public subscription on Thursday, February 15, has been fully subscribed. As of 4:06 pm on the first day of bidding, the Rs 56.25 crore SME IPO was subscribed 1.03 times, generating bids for 71,42,400 shares against the offer of 69,39,200 shares.
The IPO will remain open till 20 February.
The retail category has received subscription 1.78 times and the non-institutional quota has received 0.27 times subscription.
The allotment of Atomastco IPO will take place on February 21, while its listing will take place on February 23, 2024 on both NSE SME.
atomastco ipo gmp today
According to market observers, unlisted shares of Atmastco Ltd are trading at Rs 33 higher in the gray market than their issue price. The gray market premium or GMP of Rs 33 means the gray market is expecting 42.86 per cent listing profit from the public issue. GMP is based on market sentiments and keeps changing.
The ‘grey market premium’ refers to the willingness of investors to pay more than the issue price.
Atomastco IPO Details
According to a statement, the Atmastco IPO is a combination of a fresh issue of 54.8 lakh equity shares and an offer for sale (OFS) of 18.25 lakh shares with a fixed price of Rs 77 per share. At this price, the company will raise Rs 42.2 crore through fresh issue and Rs 14.06 crore through OFS. The proceeds from the fresh issue will be used primarily to finance the working capital requirements of the company. Additionally, some amount will be used for repayment of loans and general corporate purposes. The first public issue will open for subscription on February 15 and close on February 20.
It will raise a little over Rs 56 crore through an initial public offering that will open for subscription on February 15. After the completion of the initial public offering (IPO), the shares of the Bhilai-headquartered company will be listed on the National Stock Exchange. Small and Medium Enterprises (SME) Platform – NSE Emerge. The Chhattisgarh-based company has ongoing projects worth more than Rs 720 crore. Investors can apply for a minimum of 1,600 equity shares and in multiples of 1,600 equity shares thereafter. Affinity Global Capital Markets Private Limited is the sole lead manager of the public offering.
(The story has been updated with the latest subscription and GMP data as of 4:06 p.m.)
Banks led by private heavyweights ICICI Bank and HDFC Bank dragged the Nifty the most. Nifty Bank was down 1.7% with all 12 stocks ending in the red. In terms of highest fall, Bandhan Bank, Punjab National Bank (PNB) and Bank of Baroda fell between 7.68% and 3.45%.
Indian headline indices fell sharply on Monday riding on a host of triggers, including continued weakness in the banking and financial stocks along with a rout in mid and smallcaps. A rush for profit-taking and mixed trends in global markets were among other prominent factors.
The 30-stock S&P BSE sensex plunged 670 points to the day’s low of 70,922.57 while the Nifty50 tanked by over 200 points. Sensex finally ended at 71,072.49, down by 523 points or 0.73% while nifty was down by 166.45 points or 0.76% at 21,616.05.
