Know friends who bought in 2019-23 exited (some fully), Q2 FY25 data in a few days will present an even truer shareholding picture about drop from 445 to 385.

With no equity dilution, earnings expected to grow at 25-30% CAGR for FY25-27.
Certainly not a bargain buy it was in Mar-Apr 2023.

Disc: Holding fully with buys from 2019-2023.

Till now IBCs, part of their value-added growth (mostly used by chemical industry customers for exports) hasn’t been affected by shipping disruptions.

All the players in EV Scooter market are more knowledgeable than you and me. Before putting their money in a EV 2 wheeler project , they must have done their homework.

No project/ investment gives you return overnight, though break even point may be different for different projects depending upon several factors such as project size , scale , capex , Technology capability/ R&D and human talents, Govt policy etc.

The point is Energy transition is taking place world over to reduce carbon foot print , climate change/ Global warming, sustainability and India is no exception. In fact India has another big challenge of importing 85% of energy requirement as crude petroleum through forex spends and the price is highly volatile.
(it is No brainer that petrol diesel are highly carbon intensive 8-16 times than natural Gas for reference)

To counter the issues as mentioned above, EV transition is taking place all across the Globe and the is irreversible. EV is here to stay and is going to increase gradually and steadily for at least next 10-15 years until Green hydrogen takes over gradually to fuel Automobiles which is considered ultimate Green fuel of the future.

So , the entrepreneurs have understood this and foresee a huge opportunity in EV 2 wheelers where the penetration is too low…at 9%.
However , too many players for sure may not survive. Only the fittest would survive with strong R&D capability, technology innovation to reduce cost, Can ramp up production very fast to take advantage of economy of scale , strong service network for after sales support.

For next 5 years , it is those 2 wheeler companies who have an energy mix of Petrol, CNG , EV scooter /motorcycle would make more volumes and win market share and would make good profit than the pure play EV 2 wheelers.

Hyundai Motor recorded total sales of 64,201 units in September 2024, with domestic sales reaching 51,101 units and exports accounting for 13,100 units. Reported around 10 % YoY declined as the company sold a total of 71,641 units in September 2023.

Hyundai Motor India reported around 6 per cent dip to 51,101 units last month from 54,241 units in the year-ago period.

In September, Hyundai introduced new Hyundai Alcazar 6/7 seater SUV.

Highest ever monthly SUV contribution of 70% to total sales from from Exter, Venue and Creta.

Dual Cylinder CNG in Exter and Grand i10 NIOS resulting in highest-ever CNG contribution of 13.8% to September sales.

Hyundai Motor Company marked a major milestone by the production of 100 million vehicles globally, achieved in 57 years since its foundation.

Monthly Sales Update, India

Does anyone know why order is not getting placed in AngelOne. I saw these things happening lately for micro-cap shares.

The effect of the recent regulation is only a very short term issue. The company is trying hard to reinvent itself as a wealth management player. It boasts of a lot of firsts in the industry. After low growth for a very long period of time, they are slowly moving into the next leg of growth. PMS and distribution business seem to be growing well.

There has been some growth in JVs as well.

Geojit is also planning to start an entity at Dubai International Financial Centre (DIFC)
They are also issuing rights at 50 per share in the ratio 1:6.

Biggest risk is that Brokerage income tend to be quite cyclical.
Discl: Invested, biased