Wednesday, September 23
Electric vehicle maker Kinetic Green on Friday said it plans to expand its business with the launch of three e-scooters over the next 18 months. The first of the three new products is expected to be launched around the festive season this year, the Pune-based firm said in a statement. Kinetic Green has partnered with Italy's Torino Design to co-create a new range of ultra-futuristic scooters, it added. "Having sold over 80,000 E2Ws in this initial phase, created a strong manufacturing infrastructure and a network of 400 exclusive dealers for E2W in the country, we are ready to aggressively expand our E2W business," Kinetic Green Founder and CEO Sulajja Firodia Motwani said. Having joined hands with Torino Design, the company aims to redefine electric scooters in the coming months, she adde
With MSCI India ex-financials trading at a steep 26.4x forward PE, 1.9 standard deviations above the 10-year average, global brokerage Jefferies has released an aggressive list of 11 value buy stocks, including three from the Adani group.The dramatic shift comes as Indian markets trade at an 82% premium to emerging markets versus a 10-year average of just 63%, with nearly 39% of non-financial stocks trading above one standard deviation of their 10-year average PE multiples."With market likely to move sideways, bottom-up stock picking will be crucial," Jefferies warned, as it unveiled its curated list featuring Adani Energy Solutions, Adani Ports, and AWL Agri Business alongside Birla Corp, Belrise Industries, Bharti Airtel, Finlex Cables, IndiGo, M&M, NTPC, and Sagility.The most striki
