Amar Raja, Exide not only cater to EV, they would also cater to renewable energy storage solution for storage of solar wind energy during peak hours of day and release energy during night when Sun light may not be available for Grid stability.
The other storage solutions such as electrolyser would remain expensive for some time and hydro storage may not be possible at every location.
Apart from Automotive applications ( Lead acid and lithium) and renewable energy storage , it would also be a proxy play to the fast emerging data centers.
So it has multiple levers.
Irrespective of the political angle, my preferred pick is amar Raja energy solutions…Valuations seem reasonable , though it has run up quite a bit during last two days. so buy on decline may be a good idea.
Discl : not a buy sell recommendation.
i own this stock …so I may be biased.pl do your own assessment before investment
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