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India's own proxy for Tesla disappoints in first step; brokerages rush to degrade it


India’s own proxy for Tesla disappoints in first step; brokerages rush to degrade it
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Synopsis
The sentiment was buttressed by the company s announcement earlier this year that it has acquired 127 acre land in Gujarat’s Dholera region to set up a lithium-ion plant.
Reuters
For many investors, unable to invest in stocks like Tesla to capitalise on an industry of the future, Tata Chemicals became a natural proxy.
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NSE
MUMBAI: In the first four months of 2021, shares of
Tata Chemicals soared nearly 70 per cent driven by the expectations that the company will soon set up a lithium-ion battery plant in the country to capitalise on the growing demand for such energy storage units and the production-linked incentive plan announced by the government. ....

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