This is the fourth post in our quarterly update series. In each post, we pick four stock from our watchlist and share the latest updates on these businesses.
You can see the earlier updates here, here, and here.
Below we have four more companies that we’re tracking closely. We have made notes from their quarterly updates and the analyst conference calls.
The Cabinet Committee of Economic Affairs (CCEA) has approved a Rs 10,000 crore package for the second phase of Faster Adoption & Manufacturing of Electric (and hybrid) vehicles (FAME) scheme on February 28. “Starting from 1st April 2019, the second package will continue for three years till 31st March, 2022,” Union Finance Minister Arun Jaitley said.
FAME scheme was started in 2015 to incentivize the manufacture of electric vehicles. Incentives up to Rs 22,000 were available for two-wheelers, Rs 61,000 for three-wheelers and Rs 1,87,000 for four-wheelers were provided. The scheme was initially implemented for one year, which was later given three extensions. This is a positive news for two companies in our watchlist.
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Please click on the read more button for more details on each stock.
Thomas Cook India
Thomas Cook is one of India’s oldest companies which was established in 1881. It is an integrated travel and travel related financial services company. They provide a wide range of services from packaged tours and forex services to visa support and travel insurance.
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