Pros for taking position
3) Trendline Breakout
1) Electric Battery Industry is Expected to grow at around 15.9% CAGR till 2027
2) It is a second leading player in making Batteries and it has to benefit from the demand which is going to come in next few years
3) As Govt is spending huge on EV and demand increasing for EV we can expect it to go up from here.
1) has not been impressive and no big money yet Involved.
1) Company has not been able to give better results due to price war and higher lead prices
2) Environmental Reasons for harmful Emission - AP Govt asking it to shift the plant due to this.