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Best EV Stocks in India with Strong FII Holdings for 2023
Introduction
The year 2023 is shaping up to be a pivotal year for the electric vehicle (EV) industry in India, and it’s an exciting time for investors. Foreign Institutional Investors (FIIs) have shown growing interest in Indian stocks, particularly those in the EV sector. If you’re looking for investment opportunities with substantial FII holdings, this article will guide you through the best EV stocks in India to add to your watchlist.
Why FII Holdings Matter
Foreign Institutional Investors, or FIIs, are significant players in India’s stock market. Their investment decisions often reflect their confidence in the country’s economy and the growth potential of the companies they invest in. Stocks with high FII holdings are considered attractive by many investors due to this vote of confidence.
FII Favourites in 2023
In 2023, several Indian stocks have gained the favour of FIIs, thanks to their strong fundamentals and promising growth prospects. Notably, EV stocks are taking centre stage, and we’ve curated a list of these stocks with substantial FII holdings for you to consider.
1. Tata Motors Limited (TATAMOTORS)
Tata Motors is a significant player in the Indian automotive industry and is making strides in the EV sector. The high FII holding in Tata Motors reflects their confidence in the company’s electric ambitions.
2. Mahindra & Mahindra Limited (M&M)
Mahindra & Mahindra is a renowned automobile manufacturer with a substantial presence in the EV market. The increased FII interest in M&M underscores its potential in the electric vehicle landscape.
3. Hero MotoCorp Limited (HEROMOTOCO)
Hero MotoCorp, a leading two-wheeler manufacturer, has embraced the EV revolution. Their growing FII holding signifies the positive outlook for Hero’s electric endeavours.
4. TVS Motor Company Limited (TVSMOTOR)
TVS Motor Company, known for its two-wheelers, is expanding its electric portfolio. The FII interest in TVS Motor underscores its efforts in the EV domain.
5. Exide Industries Limited (EXIDEIND)
Exide Industries plays a pivotal role in battery manufacturing for the EV sector. The increasing FII holding in Exide Industries indicates optimism about its future growth in the EV industry.
6. Amara Raja Batteries Limited (AMARAJABAT)
Amara Raja Batteries is another key player in the battery segment, focusing on EV solutions. The rising FII interest in the company emphasizes their belief in Amara Raja Batteries’ role in the EV revolution.
7. Ultratech Cement Limited (ULTRACEMCO)
Ultratech Cement has ventured into producing sustainable products for the EV sector, particularly in the context of charging infrastructure. The strong FII holding emphasises their commitment to EV-related ventures.
8. Adani Green Energy Limited (ADANIGREEN)
Adani Green Energy is at the forefront of renewable energy solutions, including those needed for EV charging. Their growing FII holding reflects the increasing importance of sustainable energy sources in the EV ecosystem.
9. Sona BLW Precision Forgings Limited (SONACOMS)
Sona BLW Precision Forgings is a key player in manufacturing components for the EV sector. The FII interest in the company suggests a positive outlook for EV component suppliers.
10. Tata Power Company Limited (TATAPOWER)
Tata Power is actively involved in EV charging infrastructure development, and their FII holding indicates strong backing for their initiatives in the EV sector.
Conclusion
Investing in EV stocks with high FII holdings can be a lucrative strategy in 2023, given the growing interest in India’s EV market. However, it’s essential to conduct thorough research, consider your investment goals and risk tolerance. The list above showcases companies that have garnered the trust of FIIs, reflecting their potential in the evolving EV landscape.
Keeping an eye on screener tools for changes in FII holdings and consulting with financial experts for personalised investment advice are crucial steps. In this dynamic industry, making informed choices is paramount, and these high FII holding stocks deserve your attention in the exciting world of Indian EV investments. With these stocks on your watchlist, you’re well-prepared to chase high returns in the EV sector in 2023.
