Which are the top electric vehicles companies in India?
Based on marketcap, these are the top electric vehicles companies in India:
You can see the full list of electric vehicles stocks here.
And for a fundamental analysis of the above companies, check out Equitymaster’s Indian stock screener which has a separate screen for best electric vehicle companies in India.
What are the top gainers and top losers within the electric vehicles sector today?
Within the Electric Vehicle Sector, the top gainers were BHARAT FORGE (up 7.4%) and HBL POWER (up 5.4%). AMARA RAJA ENERGY & MOBILITY (down 2.5%) and KABRA EXTRUSION (down 2.3%) were among the top losers.
For more, please visit the BSE auto index live chart and also check out our automobile sector report.
How should you value electric vehicles companies?
Investing in stocks requires careful analysis of financial data to find out a company's true worth. However, an easier way to find out about a company's performance is to look at its financial ratios.
Two commonly used financial ratios used in the valuation of stocks are -
Price to Earnings Ratio (P/E) - It compares the company's stock price with its earnings per share. The higher the P/E ratio, the more expensive the stock.
Price to Book Value Ratio (P/BV) - It compares a firm's market capitalization to its book value. A high P/BV indicates markets believe the company's assets to be undervalued and vice versa.
To know more about the automobile sector's past and ongoing performance, have a look at the performance of the NIFTY Auto Index and BSE Auto Index.
Which are some important indices one should track?
Well, it depends on what your goals are.
Having said that, the two key indices to track are the BSE Sensex which contains the list of BSE 30 stocks and the NSE Nifty which contains the list of NSE 50 stocks.
However, these two indices are considered to be too narrow by some, since they only track 30 and 50 stocks, respectively.
For broader tracking, you could use the BSE 200, BSE 500 or even the NSE 500 index.
Some popular market cap based indices include BSE Smallcap index and BSE Midcap index, among others.
Which important sectoral indices should one track?
It depends on one's specific interests and investment goals.
Some popular sectoral indices to track in addition to the broader market indices are BSE IT index, BSE realty index, BSE manufacturing index and BSE auto index.
It's important to research and understand the industries and companies included in each sectoral index to make informed investment decisions.