DSIJ Mindshare

The stock gave multibagger returns of 100 per cent from its 52-week low of Rs 8.71 and a whopping 1,080 per cent in 5 years.

The government is taking various steps to make EVs a popular option by giving tax deductions and in some states registration fee waivers etc.  Growing income and rapid urbanisation are other demand drivers for this sector, asserts Anand Vardarajan, Chief Business Officer, Tata Asset Management.

This company has a market cap of over Rs 50 crore where promoters own 16.62 per cent and the rest 83.38 per cent stake is owned by the public shareholders.

From Rs 18.80 (52-week low) to Rs 50.21 per share, the stock gave multibagger returns of 167 per cent.

The BSE Sensex surged 0.28 per cent reaching a level of 79,176. The Nifty 50 index added 0.14 per cent to the 24,173 level.