Crypto Currency

 Rs 1 lakh invested in cryptocurrency Alien Shiba Inu turns Rs 20 lakh in 24 hours

ASHIB sees 1900 percent rise in a day, around 888 percent in a week

By Amit Srivastava

A highly volatile cryptocurrency market can surprise you or shock you within a day. While the price of Bitcoin is widely discussed, a lesser-known coin Alien Shiba Inu (ASHIB) surprised many of its buyers.

The coin which has been ranked 3356 in terms of market capitalization saw a jump of 1900 percent on Sunday. It means Rs 1 lakh invested turned into Rs 20 lakh within 24 hours. However, it dropped sharply the very next day.

The price of Alien Shiba Inu or ASHIB has increased by 888% in a week. In the last 24 hours, its price increased by 11.71%. The current price is ₹0.311466 per ASHIB. Alien Shiba Inu is 85.97% below the all-time high of ₹2.22.

The sad part is that the coin is not available at all exchanges and in fact, not on any Indian Exchange. Even very little information on this coin is available.

Crypto Currency

 

India’s first index of global cryptocurrencies launched

By Amit Srivastava

IC15, India’s first index of global cryptocurrencies has been launched this week which will track the performance of the top 15 Cryptocurrencies that are listed on crypto exchanges across the world. The index IC15 will track cryptocurrencies based on their market capitalization and liquidity. It is a rule-based broad market index.

A well-known financial content provided TickerPlant’s cryptocurrency app CrypoWire has launched country’s first index of global cryptocurrencies. As per the company, it is a rule-based broad market index by market capitalization that will track the performance of the top 15 most traded liquid cryptocurrencies listed on exchanges across the world.

The top 15 popular cryptocurrencies Bitcoin, Ethereum, Bitcoin Cash, Chainlink, Polkadot, Cardano, Litecoin, Avalanche, Binance Coin, Solana, XRP, Shiba Inu, Terra, Uniswap, and Dogecoin would make in the list.

The base value of the Index has been set at 10,000 and the base date is April 1, 2018. However, at the beginning of the New Year, January 1, 2022, the index open value was 71,463.30 points. It means that the index has already around 600 percent in two years.

The index will be rebalanced after a review four times a year. It will be monitored and following a review on 15 of March, June, September, and December.

As per the CryptoWire, the index will help fund managers as they can track the performance of cryptocurrencies. They can be linked with products such as crypto ETFs and other financial funds. It means that soon there will be a life insurance policy linked with cryptocurrency.

Electric Vehicles Theme

 Top Electric Vehicle charging company shares for a good return

By Amit Srivastava

For the success of Electric Vehicles (EVs), there must be a good infrastructure of charging stations across the country. Like we need petrol and diesel pump to refill vehicles' tanks, we will require charging stations to recharge batteries. 

Most importantly, petrol and diesel-run vehicles can refill their oil tanks within minutes, EV batteries require a longer time to recharge batteries. It means, there will be a demand for charging stations.

So, companies that provide charging infrastructure will be in demand in at least a decade.

As per a report, by 2027, the business of EV charging stations may grow up to $29.7 billion, at a CAGR of approximately 40%.

To promote EVs in the country, the government has decided to set up 70,000 EV chargers across the country in the next few years. Many of the charging stations have already come up in Metro cities.

The charging stations will also come at petrol pumps across the country. As an estimate around 22,000 EV charging stations will be set up at the existing infrastructure of 70,000 petrol pumps. Companies Indian Oil Corporation and BPCL have already pledged to use their outlets to set up 17,000 EV charging centers.

Even EV manufacturing Companies are tying up with startups to set up charging stations.

The top listed companies that will foray into creating charging infrastructure are Tata Power, Indian Oil Corporation (IOC), BPCL, Reliance Industries, NTPC, and Power Grid Corporation.

Electric Vehicles (EVs) Theme

Top multi-bagger battery company shares to participate in EVs theme 

By Amit Srivastava

In the earlier post, I had discussed auto companies planned to foray into electric vehicle (EVs) manufacturing. Now, one of the essential parts of EVs is the battery. At present, all-electric EVs run on ion-lithium batteries. EVs have an electric motor instead of an internal combustion engine, and a pack of batteries in the vehicle is called the heart of the EVs.

Currently, EVs run with Lithium-ion batteries, and it accounts for around 40 percent of the cost of the vehicles. These batteries are expensive components and also determine the worth of the vehicles.

Lithium-ion batteries are lighter than other conventional rechargeable batteries, and it also supplies consistent energy and hold their charge for a long time.

The rise in penetration of EVs will create demand for Lithium-ion batteries. The need for the battery will be more than EVs as old vehicles will be required to change with new batteries over a period. Even companies like Exide and Aamra Raza are eying on government subsidies worth Rs 18,000 crore on producing lithium-ion batteries in the country.

Top companies in Lithium-ion battery manufacturing

Shares/ company	6 months return	1-year returns	Current Share Price (Rs)
Exide	-14.25%	-34.04%	168.20
Amara Raja Batteries	-14.67%	-31%	637
Kabra Extrusion Technik	125.75%	389%	469

The writer is a freelance journalist, based in Navi Mumbai. He can be contacted at amitsri13@gmail.com

(Disclaimer: The article is for educational purposes. Consult your financial advisor before making an investment.)

Electric Vehicles (EVs)

Top auto stocks for EVs that may give a good return

Amit Srivastava

Twitter: s_amit007

If an investor had bought Eicher Motors share in 2001, instead of its Royal Enfield motorbike, its Rs 60,000 would be grown up to Rs 7 crores in 2021. You must have heard such stories. While a product’s value depreciates every day, a company’s shares with strong management and vision grow every day.

Even if you missed the earlier opportunities, you have another chance to become a millionaire. We are aware that the government is focusing on environmental friendly and sustainable energy sources. If the government has to meet the target of zero-emission by 2070 as promised by PM Narendra Modi at COP 26 climate summit in Glasgow, it can be done by promoting electric vehicles.

After central government push, many states have already come up with electric vehicles (EVs) policy like Maharashtra. Apart from providing subsidies in buying two-wheelers and four-wheelers, they are also concentrating on creating infrastructure like setting up charging stations.

Shares linked with EVs and performance in the last one year

Shares	% Change three months	% Change Six Months	% Change One Year	Share Price as on December 30 (Rs)
Tata Motors	63.6	39.4	162.5	472.10
Olectra Greentech	139	348	582	764
JBM Auto	140	159	287	1065
Ashok Leyland	1.5	-4.7	28.7	120.75
SML ISUZU	17	37.2	29.2	627.05
Eicher Motors	-12.5	-10.3	-3.5	2547.45
M&M	9.6	2.6	9.7	830

 

Experts believe that the next decade will be dominated by stocks that are directly or indirectly involved in EVs manufacturing or associated. In the commercial vehicle space, the top EV stocks are JBM Auto, Ashok Leyland, Tata Motors, Olectra Greentech, SML Isuzu, Eicher Motors, and M&M.

Several government agencies have already started buying battery-run vehicles like buses for public transports. JBM Auto has a good presence in the manufacturing of electric buses. Now, Ashok Leyland has also decided to foray into EVs. Companies mentioned above are also pushing hard to get business from the government.

While unfolding EVs policy, Aditya Thackeray, Maharashtra environment minister announced that by 2028 the entire public transport buses of Mumbai will be electric.

Crypto Currency

Indians spending time on cryptocurrency double in a year, youngsters mostly

By Amit Srivastava

Twitter: s_amit007

While the government is mulling to regulate the digital currency in the country, people spending time on Cryptocurrency for buying, selling, or learning in India has doubled in a year. Interestingly, youngsters are spending more time and even making investments.

Indian crypto exchange CoinSwitch Kuber claimed that the average time spent by its users in India has doubled during the year. Now, users spend more time buying, selling, or learning digital currency than at the beginning of the year.

As per the report, CoinSwitch Kuber has around 1.4 crores (14 million) users in India, of which 15 percent are women, and the majority of them are youngsters.

Indian crypto exchange CoinSwitch Kuber also claimed that, on average, individuals in India spent around 27 minutes on the CoinSwitch app that was 13 minutes at the beginning of the year. There is a sharp increase of more than 100 percent.

Around 60 percent of users of CoinSwitch Kuber's total users-base are under the age of 28, and they are from Metro as well as tier two cities like Delhi, Mumbai, Kolkata, Pune, Lucknow, and Patna.

The crypto bill brought in the Winter Session of Parliament was left out, and it is currently with the Cabinet awaiting approval. The bill will decide which cryptocurrencies would continue to do business and which could not do.

The industry is hopeful that a regulatory framework will sort out the misconception about digital currency, and it will further encourage more Indians to look into an investment option.

Electric Vehicle

 JSW Group announces EV policy for its employees, free charging, and other incentives

By Amit Srivastava

Twitter: s_amit007

The acceptance of electric vehicles in India is gaining momentum as the JSW Group has come up with its Electric Vehicle (EV) policy, which comes into effect from January 1, 2022. The business conglomerate will give an incentive of up to Rs 3 lakh to its employees to buy electric two-wheelers or four-wheelers.

The company said that the EV policy aligned with India’s Nationally Determined Contributions (NDCs) and Sustainable Development Scenarios (SDS) of The International Energy Agency (IEA). 

The JSW Group promised to provide free charging stations and separate parking facilities at offices to employees who buy an electric vehicle.

Since the central and state government are providing subsidies to promote EV, the entry of private entities will give an impetus to pollution control.

In a statement, the company said, “We know that the PM Narendra Modi announced at Glasgow COP26 meeting that India endeavors to reach net-zero carbon emissions by 2070, the green initiative of JSW Group will lead to increased adoption of EVs in India.”