India’s Top EV Charging & Battery Infra Stocks – Tata Power, Servotech, Greaves Day-3
By CapitalKeeper | Pre Market Opening | Indian Equities | Market Moves That Matter
🔌 Day 3 – Charging Infra & Battery Swapping
Series: Green Energy & EV Ecosystem Theme | India 2025
EV Charging | Battery-as-a-Service | DC Fast Chargers | Power Management
✳️ Introduction
India’s EV growth depends not just on vehicles, but on the backbone of chargers, battery swapping stations, and power electronics. With the government pushing for 10,000 public EV chargers, and increasing fleet electrification, this segment is set to surge.
Growth is driven by:
- FAME-II & PLI subsidies
- Dedicated EV charging infrastructure policy
- Urban + highway EV corridor push
- Battery-as-a-Service (BaaS) adoption
🔍 Key Stocks Covered Today:
- Tata Power Company Ltd
- Servotech Power Systems Ltd
- Delta Electronics India (Unlisted, proxy: Delta Corp Tech partners)
- Greaves Cotton Ltd (Battrixx Battery Infra)
1️⃣ Tata Power Ltd
🔧 Fundamentals:
- India’s largest EV charger network (public + fleet)
- 5,500 EV charging points operational
- Leading in DC fast charging infra & battery swapping pilot
- Power distribution + renewable edge
📊 Technical Snapshot:
- CMP: ₹413
- Support: ₹405
- Resistance: ₹435 / ₹455
- RSI: 59 – Trending upward
- MACD: Bullish crossover
- ADX: 29 – Strong base trend
📈 Chart Setup:
✅ Rectangle breakout
✅ Price riding 20-EMA
✅ Institutional volumes last 3 weeks
🎯 Trade Strategy:
- Buy Zone: ₹415–₹420
- Target 1: ₹435
- Target 2: ₹475
- Stop-loss: ₹405
2️⃣ Servotech Power Systems Ltd
🔧 Fundamentals:
- Focused on DC fast chargers, solar hybrid chargers, and EV station tech
- Partnered with oil PSUs and State EV infra
- High R&D focus + small cap disruptor
- Government orders in pipeline
📊 Technical Snapshot:
- CMP: ₹147
- Support: ₹140
- Resistance: ₹161 / ₹172
- RSI: 63 – Bullish
- MACD: Strong positive
- ADX: 33 – Strong trend
📈 Chart Setup:
✅ Breakout from flag pattern
✅ Volume-led spike
✅ Consistent support at 50 EMA
🎯 Trade Strategy:
- Buy Zone: ₹145–₹150
- Target 1: ₹161
- Target 2: ₹170
- Stop-loss: ₹137
3️⃣ Delta Electronics (India) (Unlisted, proxy via EV tech collab)
Listed proxy: Delta Corp (supplier-partner for industrial electronics)
- High-tech DC chargers, industrial controllers
- Working with Tata Motors, MG, and other OEMs
- Smart grid, UPS, EV charger software backend
- Massive capex in India to build power infra
📊 Technical Snapshot (Delta Corp as proxy):
- CMP: ₹90
- Support: ₹89
- Resistance: ₹93 / ₹98
- RSI: 55 – Consolidating
- MACD: Near crossover
- ADX: 21 – Setup forming
🎯 Trade Strategy:
- Buy Zone: ₹90
- Target 1: ₹95
- Target 2: ₹100
- Stop-loss: ₹88
4️⃣ Greaves Cotton Ltd (Battrixx division)
🔧 Fundamentals:
- Battrixx = Battery Management + Swapping Division
- Tied with Piaggio, Okinawa, Bounce
- Focused on e-3W fleet & commercial segments
- Strong potential in rural infra build-up
📊 Technical Snapshot:
- CMP: ₹209
- Support: 203
- Resistance: ₹215 / ₹221
- RSI: 58 – Near breakout
- MACD: Fresh green crossover
- ADX: 28 – Trending buildup
📈 Chart Setup:
✅ 100 EMA breakout
✅ Rounded base structure
✅ Higher volume on up days
🎯 Trade Strategy:
- Buy Zone: ₹207–₹210
- Target 1: ₹215
- Target 2: ₹221
- Stop-loss: ₹199
📘 Category Summary: EV Charging & Battery Infra
| Stock | CMP (₹) | Trend | RSI | Trade View | Target | Stop |
|---|---|---|---|---|---|---|
| Tata Power | 413 | Stable Uptrend | 59 | Buy on Retest | 435/475 | 405 |
| Servotech | 147 | Momentum Build | 63 | Breakout Buy | 161/170 | 88 |
| Delta Corp | 90 | Coil Setup | 55 | Watch & Enter | 95/100 | 167 |
| Greaves Cotton | 209 | Base Breakout | 58 | Buy Dips | 215/221 | 199 |
🧠 CapitalKeeper Insights:
This segment forms the nerve system of India’s EV ecosystem.
- Tata Power = National network + renewable edge
- Servotech = Fast-charging tech smallcap play
- Delta = Deep-tech EV power player
- Greaves (Battrixx) = EV fleet + rural reach + battery swap
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