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Top stocks to trade on Friday

BEML surged by 4.69% and closed at Rs.1701.2. It did rise in the last trading session but fell by a significant margin on a weekly basis. Trading volume rose by 119 percent on Thursday. But largely the volumes are intraday in nature. It is trading inside the trading range. The Support is seen around 1619 and resistance is seen around 1796.

KPIT gained by 3.81% and…

In Q2FY25, Persistent, KPIT, and Tata Elxsi have posted robust revenue results, reflecting their leadership in the engineering services sector. Persistent’s emphasis on cloud and automation continues to fuel its growth, while KPIT’s automotive engineering solutions maintain a strong competitive edge. Tata Elxsi’s digital engineering expertise, especially in automotive and healthcare, has significantly contributed to its success. As industries increasingly adopt digital transformation, these companies are well-positioned to continue driving growth.

Envision a future where your electric vehicle (EV) communicates seamlessly with charging stations, providing a hassle-free charging experience. Without any action required from you, the car handles the entire process—authenticating, authorizing, and initiating charging. Just plug in and let the car take care of the rest. This ideal future contrasts starkly with the current EV charging landscape, where charging isn't as straightforward as refueling a traditional vehicle.

Current Challenges in the EV Charging Ecosystem

Global EV sales are surging, with nearly 14 million new electric cars registered worldwide in 2023. This growth, while beneficial for reducing greenhouse gas emissions, highlights the inadequacy of existing public charging infrastructure. The challenges extend beyond merely the availability of charging stations. For a seamless charging experience, Original Equipment Manufacturers (OEMs) must address critical issues that impact developers, operators, and users.

Charger out of order 

A reliable charging infrastructure is essential for the widespread adoption of EVs. In California, which boasts the highest number of EV users, finding a functional charging station can be difficult. A survey revealed that 35% of EV drivers in Miami and 29% in Denver and Dallas encountered non-functional chargers.

Common technical issues include:

Processing errors

Card rejections

Handshake failures during information exchange between car and charger

Weather-Related Challenges

Traditional vehicle owners take for granted the ease of refueling whenever needed, but EV owners often worry about the distance they can travel before needing to charge. Weather extremes exacerbate this anxiety.

Cold temperatures significantly reduce the range and charging efficiency of EVs. Lithium-ion batteries, which are prevalent in EVs, become less efficient in the cold, taking longer to charge and providing a shorter range. Conversely, hot weather can also negatively affect battery performance, accelerating degradation and limiting fast-charging capabilities.

Lack of Interoperability

Various charging standards worldwide mean that an EV with one type of connector might not be compatible with a different station. Additionally, EV owners often need multiple memberships or accounts to access different charging networks. Handshake issues, where the car and charger fail to communicate correctly, further complicate matters. The industry must move towards standardization to make EV charging more user-friendly.

Sustainable Infrastructure

Future EVs could potentially feed power back into the grid using Vehicle-to-Grid (V2G) technology, balancing electricity demand during peak hours. However, current grids are not equipped to handle this two-way power flow. Smarter systems are required to make this sustainable practice viable.

Solutions for a Seamless EV Charging Experience

To create a seamless EV charging experience, OEMs should focus on:

Ensuring reliable charging infrastructure

Increasing charging speeds to alleviate range anxiety

Standardizing charging protocols to eliminate compatibility issues

Implementing grid-friendly charging solutions to manage electricity demand

Using data from charging stations and vehicles to optimize and personalize the charging process.

KPIT’s Seamless & Integrated Charging Ecosystem Platform

KPIT offers a robust Integrated charging ecosystem platform that enables seamless communication among various stakeholders. The platform connects backend cloud infrastructure, mobile applications, CPOs, roaming services, electric vehicles, charging stations, and the power grid, creating a cohesive network.

KPIT’s platform supports critical protocols like Open Charge Point Protocol (OCPP) and Message Queuing Telemetry Transport (MQTT), ensuring standardized and secure communication across the charging ecosystem.

KPIT offers an EV charging ecosystem that simplifies by connecting cars, Charging stations & grids, ensuring reliability & faster charging for a seamless user experience.