Selective Buying Boosts EV & Power-Tech Stocks on June 20; JBM Auto Pulls Back Sharply

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.

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