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EV Penny Stocks in India

Penny stocks and electric vehicles (EVs) are two of the hottest topics on the share market on any given day.

Penny stocks because they are known to generate mind boggling returns in as short as a month and electric vehicles (EVs) because we all know the future is electric!

Now, what happens when you combine the two? The results may not surprise you.

As you know, penny stocks are driven by liquidity and news flow. Any major announcement can send a penny stock soaring in the sky or down to the earth.

We’ve seen instances where positive news flow sends a penny stock soaring 1,000% while any negative sentiment has eroded almost 80-90% of its value.

So just imagine what happens if a penny stock announces it has forayed into the EV space. It could work wonders for the company as the EV stocks in India have bright prospects.

Mind you, not all EV announcements are always positive. Over time, you must have come across headlines such as ‘xx company’s EV catches fire’ or ‘EV battery makers face a scrutiny test’.

This could just as well send an EV penny stock in India tumbling.

That is why, when it comes to investing in penny stocks and EVs, you must be very selective. Both themes may seem lucrative (and are lucrative) but there are risks involved, as is with every aspect of investing.

To get started in the world of penny stocks and electric vehicles, we highly recommend you take a look at the below guides.

These guides will surely help you minimize risks when you invest in an EV penny stock in India.

You can also checkout our playlist on Electric Vehicle Stocks on Equitymaster's YouTube channel.


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Which are the best electric vehicle stocks in India right now?

As per Equitymaster's Indian Stock Screener, here is a list of the best electric vehicle stocks in India right now...

These companies have been ranked as per their PE (Price to Earnings) ratio. Generally, speaking, high PE stocks are considered to be expensive. And low PE stocks are said to be cheap.

Of course, there are other parameters you should take into account before forming a hard opinion on the stock valuation.

Where can I find a list of electric vehicle stocks?

The details of listed electric vehicle companies can be found on the NSE and BSE website.

For a curated list you can check out our list of electric vehicle stocks.

What are penny stocks?

Penny stocks are shares of listed companies priced below Rs 100. In the US market, these stocks trade for less than a dollar i.e. for pennies. Hence the name.

Penny stocks have the potential for above-average returns. However, they are extremely risky. Therefore, investing in them requires care and caution.

How should you go about investing in penny stocks?

Penny stocks are usually issued by new or very small companies. These companies often don't have a proven track record, which is why their shares are sold for so little.

Larger, more established companies may also have stocks trading under Rs 100 when they are facing financial trouble or approaching bankruptcy.

Since they carry a high amount of risk, one must have a proper strategy in place.

Check out our framework for investing in penny stocks. This strategy is the easiest one to make money from penny stocks.