When it comes to transport, new technologies just keep popping up around the world
These alternative technologies in transport are mainly based around electric vehicles
with many companies jumping on the bandwagon to get some traction before the industry gets a radical shift away from traditional fossil fuels.
This change can also be seen as a catchup that existing companies are trying to play in the electric vehicle (EV) segment with companies like Tesla and the bars set by them
Today, we take a look at the electric vehicle segment in India and the best EV stocks in India for investors to watch out for in this segment
1. Mahindra & Mahindra
Mahindra & Mahindra Limited (Mahindra & Mahindra) is a company in the car and utility vehicle sector.
The total valuation (market value) of the company is ₹1,14,622 crore.
The price of one share of the company is ₹920.75 in the BSE market today and ₹921.35 in the NSE market today.
Mahindra & Mahindra Limited was established in the year 1945.
PROS – Company has been maintaining a healthy dividend payout of 92.02%
CONS – Stock is trading at 2.56 times its book value – The company has delivered a poor sales growth of -0.42% over past five years.
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