The EV transition is contingent upon 2 factors:
(1) Upfront cost —-which is further dependent on battery tech / decrease in battery cost as batteries are 40% of cost
(2) Charging Infra
I started positioning myself in the stock only after seeing the green shoots in the PV action after FY24 results.
Full stack:
(Sona BLW Precision Forgings Ltd – by Pankaj Garg)
This company falls in fundamental VCP framework. Some stocks remain expensive for a long period of time…this imo is one of them.
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