WardWizard Innovations and Mobility rises on the BSE
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WardWizard Innovations and Mobility is currently trading at Rs. 77.45, up by 0.55 points or 0.72% from its previous closing of Rs. 76.90 on the BSE.
The scrip opened at Rs. 78.00 and has touched a high and low of Rs. 78.45 and Rs. 73.55 respectively. So far 172978 shares were traded on the counter.
The BSE group 'B ' stock of face value Rs. 1 has touched a 52 week high of Rs. 98.00 on 09-Jul-2021 and a 52 week low of Rs. 22.81 on 25-Sep-2020.
Last one week high and low of the scrip stood at Rs. 82.40 and Rs. 74.45 respectively. The current market cap of the company is Rs. 1707.18 crore.
The promoters holding in the company stood at 66.86%, whileNon-Institutions held 33.14%.
WardWizard Innovations and Mobility is planning to set up an automatic assembly line in its Vadodara based manufacturing plant to double the production capacity. The new automatic assembly line will be operational by October 2021. In the month of August, Wardwizard Innovations had sold more than 2000 units and has registered booking of more than 5000 units.
Considering the growing demand of EVs, WardWizard Innovations is setting up the target of manufacturing 2 lakh units in a single shift annually, which is presently at 1 lakh units annually, which can be ramped upto 6 lakh unit annually in 3 shifts.
Wardwizard is an innovation-driven company which is India's First BSE listed EV manufacturing company.
