On June 20, the Indian green-energy and electric auto sectors delivered a nuanced performance — reflecting a bifurcated market reaction as investors pivot toward technology-driven and EV-aligned businesses.
Front & center were HBL Engineering, soaring +2.64%, and Bharat Electronics, which climbed +2.44%. Their gains underline heightened confidence in firms specialising in power electronics—a critical component for EVs and defence applications. Suppliers deeply embedded in vehicle electrification like UNO Minda (+2.35%) and Sona Comstar (+1.87%) also gained momentum, bolstered by expectations of robust demand and improving auto component cycles.
OEMs navigated the day with mild gains. Ola Electric rose +1.35%, reaffirming sentiment around its EV rollout, while Tata Motors saw a modest +0.59%, aided by steady performance in both ICE and EV segments. However, the sharpest dip came from JBM Auto, which slid –4.14%, likely due to profit-taking or concerns about order flow in the component-heavy segment.
Amara Raja Energy & Mobility dropped 1.60%, underscoring caution in legacy battery and energy storage segments. Hero MotoCorp, also dipping –1.05%, epitomises the volatility in traditional two-wheeler manufacturers amid the shift to electrification.
Overall, market participants displayed cautious optimism, re-allocating capital to future-ready electrification plays while shoring up defensive positions. The narrative remains: EV and electronics supremacy is the focal point — but execution, order visibility, and policy clarity will decide the next leg. With select names exhibiting strength, the coming days may serve as a litmus test on whether today’s gains herald sustained rotation or simply intra-sector repositioning.
TABLE
|
Company Name |
Closing Price on June 20 |
Change % |
|
AMARA RAJA ENERGY & MOBILITY |
970.5 | -1.60% |
| BHARAT ELECTRONICS | 408.25 | 2.44% |
|
BHARAT FORGE |
1,278.30 | 0.11% |
| BOSCH | 32,290.00 |
-0.27% |
|
GREAVES COTTON |
195.15 | 0.93% |
| HBL ENGINEERING | 578.4 |
2.64% |
|
HEG |
488.6 | 0.29% |
| HERO MOTOCORP | 4,338.50 |
-1.05% |
|
JBM AUTO. |
653.45 | -4.14% |
| MINDA CORPORATION | 505.1 |
-1.11% |
|
OLA ELECTRIC MOBILITY LTD. |
46.08 |
1.35% |
|
OLECTRA GREENTECH |
1,147.00 | -0.46% |
| SONA COMSTAR | 486.95 |
1.87% |
|
TATA MOTORS |
676.2 | 0.59% |
| UNIPARTS INDIA | 372.1 |
0.18% |
|
UNO MINDA |
1061.6 |
2.35% |
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