{"id":311470,"date":"2026-10-15T17:21:56","date_gmt":"2026-10-15T11:51:56","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=311470"},"modified":"2026-10-15T17:21:56","modified_gmt":"2026-10-15T11:51:56","slug":"ev-stocks-to-watch-multibagger-potential","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/ev-stocks-to-watch-multibagger-potential\/","title":{"rendered":"3 Top EV Stocks to Watch for Future Multibagger Potential: Exide Industries, Amara Raja and Olectra Greentech"},"content":{"rendered":"<p style=\"border-left:4px solid #1F4E79;background:#EBF3FB;padding:10px 16px;font-style:italic;\"><em>Exide Industries Rs 374.85. Amara Raja Rs 736.30. Olectra Greentech Rs 1,056.80. Market caps from Rs 8,777 crore to Rs 32,568 crore. Data as of 15 Oct 2026.<\/em><\/p>\n<div style=\"background:#F0F9FF;border-left:4px solid #2E7D32;border-radius:6px;padding:14px 18px;margin:18px 0;\">\n<p style=\"margin:0;color:#1F4E79;font-size:14px;\"><strong>Quick Answer<\/strong><\/p>\n<p style=\"margin:8px 0 0;\">Exide Industries, Amara Raja and Olectra Greentech are the 3 picks in this EV stocks watchlist, with market caps between Rs 8,777 crore and Rs 32,568 crore. Exide Industries stands out for the biggest five-year price gain at 101.91%, while Amara Raja offers the lowest PE of the group at 14.70. PE ratios run from 14.70 to 48.72, so compare each one with its industry PE before investing. All figures are as of 15 October 2026.<\/p>\n<\/p><\/div>\n<p>EV stocks to watch for multibagger potential start with a simple filter: size, a clean financial record and earnings that keep growing. Exide Industries, Amara Raja and Olectra Greentech meet that test, with market caps from Rs 8,777 crore to Rs 32,568 crore and Exide Industries offering the biggest five-year price gain at 101.91%. Battery makers and electric bus suppliers sit at the supply end of India&#8217;s shift to electric mobility, and each is investing in new capacity.<\/p>\n<p>This list covers listed battery and electric vehicle companies with complete, verifiable financials, ranked by market capitalisation. Not every name here is a largecap, so the list takes the leading companies of the sector by market capitalisation. Investors screening EV stocks usually begin with size and balance sheet strength, and this list follows the same logic. All figures are as of 15 October 2026 and are drawn from NSE and BSE data and company filings.<\/p>\n<p style=\"margin-top:24px;\"><a href=\"https:\/\/univest.in\/user\/log-in?utm_source=blogs&#038;utm_medium=ev-stocks\"><strong>Click Here &#8211; Get Free Investment Predictions<\/strong><\/a><\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/univest.in\/blogs-2\/ev-stocks-to-watch-multibagger-potential\/#What_Are_EV_Stocks_and_Why_Do_They_Attract_Multibagger_Interest\" title=\"What Are EV Stocks and Why Do They Attract Multibagger Interest?\">What Are EV Stocks and Why Do They Attract Multibagger Interest?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/univest.in\/blogs-2\/ev-stocks-to-watch-multibagger-potential\/#EV_Stocks_at_a_Glance_Price_Market_Cap_PE_and_ROE\" title=\"EV Stocks at a Glance: Price, Market Cap, PE and ROE\">EV Stocks at a Glance: Price, Market Cap, PE and ROE<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/univest.in\/blogs-2\/ev-stocks-to-watch-multibagger-potential\/#Exide_Industries_Quarterly_Profit_Up_2794\" title=\"Exide Industries: Quarterly Profit Up 27.94%\">Exide Industries: Quarterly Profit Up 27.94%<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/univest.in\/blogs-2\/ev-stocks-to-watch-multibagger-potential\/#Amara_Raja_Debt-to-Equity_of_005\" title=\"Amara Raja: Debt-to-Equity of 0.05\">Amara Raja: Debt-to-Equity of 0.05<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/univest.in\/blogs-2\/ev-stocks-to-watch-multibagger-potential\/#Olectra_Greentech_5011_Profit_CAGR_Since_FY22\" title=\"Olectra Greentech: 50.11% Profit CAGR Since FY22\">Olectra Greentech: 50.11% Profit CAGR Since FY22<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/univest.in\/blogs-2\/ev-stocks-to-watch-multibagger-potential\/#EV_Stocks_Financial_Comparison_on_Growth_and_Margins\" title=\"EV Stocks: Financial Comparison on Growth and Margins\">EV Stocks: Financial Comparison on Growth and Margins<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/univest.in\/blogs-2\/ev-stocks-to-watch-multibagger-potential\/#Institutional_Holding_in_Exide_Industries_Amara_Raja_and_Olectra_Greentech\" title=\"Institutional Holding in Exide Industries, Amara Raja and Olectra Greentech\">Institutional Holding in Exide Industries, Amara Raja and Olectra Greentech<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/univest.in\/blogs-2\/ev-stocks-to-watch-multibagger-potential\/#Risks_to_Weigh_in_EV_Stocks\" title=\"Risks to Weigh in EV Stocks\">Risks to Weigh in EV Stocks<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/univest.in\/blogs-2\/ev-stocks-to-watch-multibagger-potential\/#How_to_Choose_Between_EV_Stocks\" title=\"How to Choose Between EV Stocks\">How to Choose Between EV Stocks<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/univest.in\/blogs-2\/ev-stocks-to-watch-multibagger-potential\/#Conclusion\" title=\"Conclusion\">Conclusion<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/univest.in\/blogs-2\/ev-stocks-to-watch-multibagger-potential\/#Frequently_Asked_Questions_on_EV_Stocks_to_Watch\" title=\"Frequently Asked Questions on EV Stocks to Watch\">Frequently Asked Questions on EV Stocks to Watch<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/univest.in\/blogs-2\/ev-stocks-to-watch-multibagger-potential\/#Which_are_the_best_EV_stocks_to_watch_for_multibagger_potential\" title=\"Which are the best EV stocks to watch for multibagger potential?\">Which are the best EV stocks to watch for multibagger potential?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/univest.in\/blogs-2\/ev-stocks-to-watch-multibagger-potential\/#Is_Olectra_Greentech_a_good_stock_for_long-term_investors\" title=\"Is Olectra Greentech a good stock for long-term investors?\">Is Olectra Greentech a good stock for long-term investors?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/univest.in\/blogs-2\/ev-stocks-to-watch-multibagger-potential\/#Can_Amara_Raja_become_a_multibagger_from_here\" title=\"Can Amara Raja become a multibagger from here?\">Can Amara Raja become a multibagger from here?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/univest.in\/blogs-2\/ev-stocks-to-watch-multibagger-potential\/#What_is_the_market_cap_of_Exide_Industries_Amara_Raja_and_Olectra_Greentech\" title=\"What is the market cap of Exide Industries, Amara Raja and Olectra Greentech?\">What is the market cap of Exide Industries, Amara Raja and Olectra Greentech?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/univest.in\/blogs-2\/ev-stocks-to-watch-multibagger-potential\/#What_are_the_risks_of_investing_in_EV_stocks\" title=\"What are the risks of investing in EV stocks?\">What are the risks of investing in EV stocks?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-17\" href=\"https:\/\/univest.in\/blogs-2\/ev-stocks-to-watch-multibagger-potential\/#Why_is_Olectra_Greentech_trading_at_a_PE_of_4872\" title=\"Why is Olectra Greentech trading at a PE of 48.72?\">Why is Olectra Greentech trading at a PE of 48.72?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-18\" href=\"https:\/\/univest.in\/blogs-2\/ev-stocks-to-watch-multibagger-potential\/#How_much_do_institutions_hold_in_Exide_Industries_Amara_Raja_and_Olectra_Greentech\" title=\"How much do institutions hold in Exide Industries, Amara Raja and Olectra Greentech?\">How much do institutions hold in Exide Industries, Amara Raja and Olectra Greentech?<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"What_Are_EV_Stocks_and_Why_Do_They_Attract_Multibagger_Interest\"><\/span><strong>What Are EV Stocks and Why Do They Attract Multibagger Interest?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>EV stocks in this list cover the businesses that power electric mobility, from lead-acid and lithium-ion batteries to electric buses supplied to state transport bodies. Several of them also serve telecom, solar and industrial customers, which adds stability to revenue.<\/p>\n<p>Government incentives for electric vehicles, falling cell costs and the build-out of local lithium-ion cell plants are the main supports. Companies with strong existing battery franchises can fund new technology from current cash flows, a point investors check in EV stocks.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"EV_Stocks_at_a_Glance_Price_Market_Cap_PE_and_ROE\"><\/span><strong>EV Stocks at a Glance: Price, Market Cap, PE and ROE<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Prices are as of 15 October 2026, mid-session. Amara Raja has the lowest PE of the group at 14.70, while Olectra Greentech posts the highest return on equity at 14.46%.<\/p>\n<table style=\"border-collapse:collapse;width:100%;margin:16px 0;\">\n<thead>\n<tr>\n<th style=\"border:1px solid #BBBBBB;background:#1F4E79;color:#FFFFFF;padding:8px;text-align:left;\">Stock<\/th>\n<th style=\"border:1px solid #BBBBBB;background:#1F4E79;color:#FFFFFF;padding:8px;text-align:left;\">CMP (Rs)<\/th>\n<th style=\"border:1px solid #BBBBBB;background:#1F4E79;color:#FFFFFF;padding:8px;text-align:left;\">Market Cap (Rs Cr)<\/th>\n<th style=\"border:1px solid #BBBBBB;background:#1F4E79;color:#FFFFFF;padding:8px;text-align:left;\">PE<\/th>\n<th style=\"border:1px solid #BBBBBB;background:#1F4E79;color:#FFFFFF;padding:8px;text-align:left;\">Industry PE<\/th>\n<th style=\"border:1px solid #BBBBBB;background:#1F4E79;color:#FFFFFF;padding:8px;text-align:left;\">ROE<\/th>\n<th style=\"border:1px solid #BBBBBB;background:#1F4E79;color:#FFFFFF;padding:8px;text-align:left;\">Debt to Equity<\/th>\n<th style=\"border:1px solid #BBBBBB;background:#1F4E79;color:#FFFFFF;padding:8px;text-align:left;\">52-Week Range (Rs)<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\"><a href=\"https:\/\/univest.in\/stocks\/exideind\/exide-industries-ltd-share-price-today\">Exide Industries<\/a><\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">374.85<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">32,568<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">34.77<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">37.22<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">6.14%<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">0.11<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">287.00 to 496.40<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\"><a href=\"https:\/\/univest.in\/stocks\/areandm\/amara-raja-energy-and-mobility-ltd-share-price-today\">Amara Raja Energy &amp; Mobility<\/a><\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">736.30<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">13,552<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">14.70<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">37.22<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">8.75%<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">0.05<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">670.00 to 1,023.00<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\"><a href=\"https:\/\/univest.in\/stocks\/olectra\/olectra-greentech-ltd-share-price-today\">Olectra Greentech<\/a><\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">1,056.80<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">8,777<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">48.72<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">23.82<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">14.46%<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">0.31<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">866.60 to 1,573.80<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h2><span class=\"ez-toc-section\" id=\"Exide_Industries_Quarterly_Profit_Up_2794\"><\/span><strong>Exide Industries: Quarterly Profit Up 27.94%<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Exide Industries is India&#8217;s largest lead-acid battery maker and is building a lithium-ion cell manufacturing facility. It reported FY26 revenue of Rs 18,096.21 crore, up 4.30% year on year, and net profit of Rs 859.92 crore, up 7.42%. Net profit has compounded at 5.49% a year since FY22, while revenue has grown 8.93% a year. Operating margin was 10.93% in FY26. The debt-to-equity ratio is 0.11, which keeps interest costs low.<\/p>\n<p>In the June 2026 quarter, revenue rose 17.63% to Rs 5,555.25 crore and net profit grew 27.94% to Rs 351.30 crore. The share price has gained 101.91% over five years. Foreign investors raised their holding from 10.88% in September 2025 to 13.21% in September 2026. The stock trades at a PE of 34.77 against an industry PE of 37.22, below the sector average.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Amara_Raja_Debt-to-Equity_of_005\"><\/span><strong>Amara Raja: Debt-to-Equity of 0.05<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Amara Raja Energy &amp; Mobility makes automotive and industrial batteries under the Amaron and Power Stack brands and is setting up lithium-ion cell manufacturing. It reported FY26 revenue of Rs 13,920.18 crore, up 7.39% year on year, and net profit of Rs 895.77 crore. Net profit has compounded at 14.98% a year since FY22, while revenue has grown 12.23% a year. Operating margin was 11.51% in FY26. The debt-to-equity ratio is 0.05, which keeps interest costs low.<\/p>\n<p>The stock trades at a PE of 14.70 against an industry PE of 37.22, below the sector average. In the June 2026 quarter, revenue rose 23.82% to Rs 4,234.04 crore and net profit grew 15.86% to Rs 190.94 crore. Domestic institutions raised their holding from 14.00% in June 2025 to 15.30% in June 2026.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Olectra_Greentech_5011_Profit_CAGR_Since_FY22\"><\/span><strong>Olectra Greentech: 50.11% Profit CAGR Since FY22<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Olectra Greentech makes electric buses and composite insulators and supplies electric buses to state transport undertakings. It reported FY26 revenue of Rs 2,326.51 crore, up 28.24% year on year, and net profit of Rs 179.53 crore, up 28.96%. Net profit has compounded at 50.11% a year since FY22, while revenue has grown 40.27% a year. Operating margin was 15.24% in FY26. The debt-to-equity ratio is 0.31.<\/p>\n<p>In the June 2026 quarter, revenue rose 63.85% to Rs 577.65 crore and net profit grew 2.42% to Rs 26.66 crore. The share price has gained 87.58% over five years. Foreign investors raised their holding from 5.66% in June 2025 to 7.95% in June 2026. The stock trades at a PE of 48.72 against an industry PE of 23.82, with a return on equity of 14.46%.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"EV_Stocks_Financial_Comparison_on_Growth_and_Margins\"><\/span><strong>EV Stocks: Financial Comparison on Growth and Margins<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The table compares scale and growth across these EV stocks. Latest quarter means the most recent reported quarter for each company, and only metrics that are positive for every company are shown.<\/p>\n<table style=\"border-collapse:collapse;width:100%;margin:16px 0;\">\n<thead>\n<tr>\n<th style=\"border:1px solid #BBBBBB;background:#1F4E79;color:#FFFFFF;padding:8px;text-align:left;\">Stock<\/th>\n<th style=\"border:1px solid #BBBBBB;background:#1F4E79;color:#FFFFFF;padding:8px;text-align:left;\">Revenue (Rs Cr)<\/th>\n<th style=\"border:1px solid #BBBBBB;background:#1F4E79;color:#FFFFFF;padding:8px;text-align:left;\">Net Profit (Rs Cr)<\/th>\n<th style=\"border:1px solid #BBBBBB;background:#1F4E79;color:#FFFFFF;padding:8px;text-align:left;\">Revenue Growth (YoY)<\/th>\n<th style=\"border:1px solid #BBBBBB;background:#1F4E79;color:#FFFFFF;padding:8px;text-align:left;\">4-Year Revenue CAGR<\/th>\n<th style=\"border:1px solid #BBBBBB;background:#1F4E79;color:#FFFFFF;padding:8px;text-align:left;\">4-Year Net Profit CAGR<\/th>\n<th style=\"border:1px solid #BBBBBB;background:#1F4E79;color:#FFFFFF;padding:8px;text-align:left;\">Operating Margin (Latest Quarter)<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">Exide Industries<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">18,096.21<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">859.92<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">4.30%<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">8.93%<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">5.49%<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">11.74%<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">Amara Raja<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">13,920.18<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">895.77<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">7.39%<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">12.23%<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">14.98%<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">10.09%<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">Olectra Greentech<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">2,326.51<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">179.53<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">28.24%<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">40.27%<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">50.11%<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">12.67%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p style=\"margin-top:24px;\"><a href=\"https:\/\/univest.in\/screeners\"><strong>Check the Univest Screener for live data on these EV stocks<\/strong><\/a><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Institutional_Holding_in_Exide_Industries_Amara_Raja_and_Olectra_Greentech\"><\/span><strong>Institutional Holding in Exide Industries, Amara Raja and Olectra Greentech<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Institutional holding shows who is backing these EV stocks alongside the promoter. The table uses the latest reported quarter for each. Amara Raja has the deepest institutional backing, with FII and DII together holding 32.64% as of June 2026. Domestic institutions increased their holding over the past year in Amara Raja (from 14.00% to 15.30%).<\/p>\n<table style=\"border-collapse:collapse;width:100%;margin:16px 0;\">\n<thead>\n<tr>\n<th style=\"border:1px solid #BBBBBB;background:#1F4E79;color:#FFFFFF;padding:8px;text-align:left;\">Stock<\/th>\n<th style=\"border:1px solid #BBBBBB;background:#1F4E79;color:#FFFFFF;padding:8px;text-align:left;\">Promoter<\/th>\n<th style=\"border:1px solid #BBBBBB;background:#1F4E79;color:#FFFFFF;padding:8px;text-align:left;\">FII<\/th>\n<th style=\"border:1px solid #BBBBBB;background:#1F4E79;color:#FFFFFF;padding:8px;text-align:left;\">DII<\/th>\n<th style=\"border:1px solid #BBBBBB;background:#1F4E79;color:#FFFFFF;padding:8px;text-align:left;\">Public<\/th>\n<th style=\"border:1px solid #BBBBBB;background:#1F4E79;color:#FFFFFF;padding:8px;text-align:left;\">Quarter<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">Exide Industries<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">45.99%<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">13.21%<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">17.57%<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">23.22%<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">September 2026<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">Amara Raja<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">32.86%<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">17.34%<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">15.30%<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">34.50%<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">June 2026<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">Olectra Greentech<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">50.02%<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">7.95%<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">0.57%<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">41.47%<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">June 2026<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h2><span class=\"ez-toc-section\" id=\"Risks_to_Weigh_in_EV_Stocks\"><\/span><strong>Risks to Weigh in EV Stocks<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Being careful with EV stocks means looking at what can slow the story as well as what can speed it up. Four points matter most:<\/p>\n<ul>\n<li>New lithium-ion plants need large investments and take time to reach full utilisation.<\/li>\n<li>Electric bus revenue depends on tender wins and government payments, so timing can vary by quarter.<\/li>\n<li><strong>Valuation:<\/strong> Olectra Greentech trades at a PE of 48.72 against an industry PE of 23.82, so earnings need to keep growing to support the price.<\/li>\n<li><strong>Concentration:<\/strong> Holding all 3 names puts the allocation in one sector, so size each position to match your risk appetite.<\/li>\n<\/ul>\n<h2><span class=\"ez-toc-section\" id=\"How_to_Choose_Between_EV_Stocks\"><\/span><strong>How to Choose Between EV Stocks<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Picking from EV stocks comes down to four checks, applied in order.<\/p>\n<ol>\n<li>Check balance sheet strength first, and prefer a debt-to-equity ratio below 1 for non-financial companies.<\/li>\n<li>Compare each PE with the industry PE (23.82 to 37.22) and ask whether the growth rate justifies any gap.<\/li>\n<li>Track capacity additions, order inflows and the operating margin, because they show how fast the new business scales.<\/li>\n<li>Stagger entries across quarters and review institutional holding every reporting season.<\/li>\n<\/ol>\n<p style=\"margin-top:24px;\"><em>Download the <a href=\"http:\/\/apps.apple.com\/in\/app\/univest-stocks-investment\/id6443753518\" rel=\"nofollow noopener\" target=\"_blank\">Univest iOS App<\/a> or <a href=\"http:\/\/play.google.com\/store\/apps\/details?id=com.univest.capp&#038;hl=en_IN\" rel=\"nofollow noopener\" target=\"_blank\">Univest Android App<\/a> to track Exide Industries, Amara Raja and Olectra Greentech live prices.<\/em><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span><strong>Conclusion<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Among EV stocks, Exide Industries stands out for the biggest five-year price gain at 101.91%, Amara Raja for the lowest PE of the group at 14.70 and Olectra Greentech for the fastest profit growth, 50.11% a year since FY22. Which one suits a portfolio depends on how much valuation risk it can carry, so staggering entries and reviewing each quarterly result is a sound habit. Investors comparing EV stocks should rank them on growth, financial strength and the price paid, and anyone who wants personalised guidance can consult a SEBI-registered advisor before acting.<\/p>\n<div style=\"background:#CC0000;border-radius:8px;padding:16px 20px;margin:24px 0;\">\n<p style=\"color:#FFFFFF;font-size:13px;line-height:1.7;margin:0;\"><strong style=\"color:#FFFFFF;\">Disclaimer:<\/strong> Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).<\/p>\n<\/p><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Frequently_Asked_Questions_on_EV_Stocks_to_Watch\"><\/span><strong>Frequently Asked Questions on EV Stocks to Watch<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"Which_are_the_best_EV_stocks_to_watch_for_multibagger_potential\"><\/span><strong>Which are the best EV stocks to watch for multibagger potential?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Exide Industries, Amara Raja and Olectra Greentech are the 3 names this list highlights, with market caps of Rs 32,568 crore, Rs 13,552 crore and Rs 8,777 crore respectively. Exide Industries is notable for the biggest five-year price gain at 101.91%. Amara Raja stands out for the lowest PE of the group at 14.70. Olectra Greentech offers the fastest profit growth, 50.11% a year since FY22. These are watchlist names for EV stocks, not recommendations, so match each one to your own risk profile and time horizon.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Is_Olectra_Greentech_a_good_stock_for_long-term_investors\"><\/span><strong>Is Olectra Greentech a good stock for long-term investors?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Olectra Greentech has a return on equity of 14.46%, a PE of 48.72 against an industry PE of 23.82 and a market cap of Rs 8,777 crore. Net profit has compounded at 50.11% a year since FY22, and FY26 revenue rose 28.24% while June 2026 quarter net profit grew 2.42%. Long-term returns in EV stocks depend on earnings growth and the price paid at entry, so staggering purchases and consulting a SEBI-registered advisor is sensible.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Can_Amara_Raja_become_a_multibagger_from_here\"><\/span><strong>Can Amara Raja become a multibagger from here?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Amara Raja has a market cap of Rs 13,552 crore. A multibagger outcome in EV stocks requires earnings to keep growing faster than the market for several years. Net profit has compounded at 14.98% a year since FY22, and FY26 revenue rose 7.39%. At a PE of 14.70 against an industry PE of 37.22, valuation should be checked against that growth before investing.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_is_the_market_cap_of_Exide_Industries_Amara_Raja_and_Olectra_Greentech\"><\/span><strong>What is the market cap of Exide Industries, Amara Raja and Olectra Greentech?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> As of 15 October 2026, Exide Industries has a market cap of Rs 32,568 crore, Amara Raja has a market cap of Rs 13,552 crore and Olectra Greentech has a market cap of Rs 8,777 crore. Exide Industries is the largest of the group. Market cap changes daily with the share price, so check the latest figure on the Univest Screener or on NSE before taking a decision on EV stocks.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_are_the_risks_of_investing_in_EV_stocks\"><\/span><strong>What are the risks of investing in EV stocks?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The main risks are project execution, technology shifts and policy support. New cell plants take time to ramp up, and incentives can change. Companies with established battery businesses are better placed to fund the transition. Olectra Greentech trades at a PE of 48.72 against an industry PE of 23.82, so earnings growth needs to hold up.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Why_is_Olectra_Greentech_trading_at_a_PE_of_4872\"><\/span><strong>Why is Olectra Greentech trading at a PE of 48.72?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Olectra Greentech&#8217;s PE of 48.72 compares with an industry PE of 23.82. The market is paying a premium for profit growth of 50.11% a year since FY22 and FY26 revenue growth of 28.24%, which also means the stock is more sensitive if growth slows. Investors in EV stocks who are comfortable with higher valuation risk may prefer to stagger purchases instead of investing in one go.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"How_much_do_institutions_hold_in_Exide_Industries_Amara_Raja_and_Olectra_Greentech\"><\/span><strong>How much do institutions hold in Exide Industries, Amara Raja and Olectra Greentech?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> As of the latest reported quarter, FII and DII together hold 30.78% of Exide Industries (13.21% and 17.57%), 32.64% of Amara Raja (17.34% and 15.30%) and 8.52% of Olectra Greentech (7.95% and 0.57%). Rising institutional holding is a useful signal in EV stocks, though it should be read with earnings trends rather than on its own.<\/p>\n<p><script type=\"application\/ld+json\">{\"@context\":\"https:\/\/schema.org\",\"@type\":\"FAQPage\",\"mainEntity\":[{\"@type\":\"Question\",\"name\":\"Which are the best EV stocks to watch for multibagger potential?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Exide Industries, Amara Raja and Olectra Greentech are the 3 names this list highlights, with market caps of Rs 32,568 crore, Rs 13,552 crore and Rs 8,777 crore respectively. Exide Industries is notable for the biggest five-year price gain at 101.91%. Amara Raja stands out for the lowest PE of the group at 14.70. Olectra Greentech offers the fastest profit growth, 50.11% a year since FY22. 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