Riding the Momentum in Undervalued Stocks
Investing in stocks that have reported higher than expected profits
A combination of value and momentum
The Value and Momentum smallcase provides exposure to undervalued stocks that are witnessing momentum in their price. A combination of value and momentum can be ideal when it comes to stock investments. These stocks have also earned higher than expected profits during the latest reported period.
Read more about the stocks within this smallcase.
The smallcase has gained 2.42% over the previous month and 23.63% over the previous 1 year, in comparison to Nifty returns of 1.21% and 16.71% during the same periods.
New National Auto Policy in the anvil
Union Minister of Heavy Industries, Anant Geete, last week said that a new National Auto Policy is currently being readied that will lay emphasis on reducing vehicular emissions as well as focus on green mobility. The new auto policy will accommodate the wishes of the entire industry and take their suggestions into account. The new policy envisages having a nodal regulatory body for the automobile industry. The draft policy released earlier had recommended rationalisation of the Goods and Services Tax (GST) structure for automobiles.
Benefit from the growth of auto industry by buying the smallcase Auto Tracker.
Read further about the good sales numbers reported by auto companies.
Electric vehicles to be exempt from permit requirements
Speaking at an SIAM event last week, Union Transport Minister Nitin Gadkari said that all electric vehicles would be exempt from permit requirements. A permit is an instrument issued by a State or Regional Transport Authority authorising the use of a motor vehicle as a transport vehicle in a specified manner as per the relevant provisions of the Motor Vehicle Act.
The types of permits that apply for commercial vehicles include contract carriage bus permit, goods carrier permit and cab permit, among others. So the move to end the permit raj for green vehicles will save owners time as well as money. He also said that demand for EVs could also be created by mandating cab aggregators like Ola and Uber to induct a certain percentage of such vehicles in their fleet.
In the recent past, we had discussed the FAME India scheme and the government’s intention to provide subsidy for e-vehicle infrastructure. You can read about it here.
Take advantage of the evolution of the electric vehicle industry by investing in the Electric Mobility smallcase.
Read our postweek report for PM Narendra Modi’s thoughts on electric mobility.
