Prime Stocks update: Exit call on this EV player
With the evolution of the EV marketplace taking shape a little differently from when we gave a BUY call on this stock, we think it would now be best to EXIT this EV player.
N V Chandrachoodamani
Chandrachoodamani started his capital market career in mid 2000s with Equity Intelligence India and then worked with several capital market Intermediaries in various roles over the last 15 years. Most of his career experience has been in equity research and PMS. Most recently, he was with MOAT, a PMS firm. He is a graduate in mathematics, a post graduate in finance, and holds a CFP certification. LinkedIn|Twitter
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2 thoughts on “Prime Stocks update: Exit call on this EV player ”
It saddens me to read this, I wanted to play the EV game – though this stock was perceived as high risk. If value was the segment that GEM wanted to play, then it seems to be up against players like Bajaj & TVS – behemoths who are deeply entrenched in this industry.
The odds of being benefitted by staying in the stock seems to be way too low basis the narrative – is this right reading?
Welcome your query sir,
At this point of time, the Co is in back foot. But then it is not a Co that we can write-off.
We have seen how TVS scripted a big success story from a big laggard in the past decade.
So, what is visible on the ground now says that GEM will have to work hard to get back to its lost ground/market share.
Which makes it suitable only for high-risk takers, not the ones looking for earnings momentum in short term.
Hope this clarifies
Thank you
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