RattanIndia Enterprises zooms as its Revolt Motors opens new store for electric bikes in Andhra Pradesh
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RattanIndia Enterprises is currently trading at Rs. 54.25, up by 3.70 points or 7.32% from its previous closing of Rs. 50.55 on the BSE.
The scrip opened at Rs. 52.75 and has touched a high and low of Rs. 54.55 and Rs. 50.55 respectively. So far 1027818 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 70.65 on 28-Jul-2021 and a 52 week low of Rs. 4.48 on 06-Apr-2021.
Last one week high and low of the scrip stood at Rs. 54.55 and Rs. 42.45 respectively. The current market cap of the company is Rs. 7464.26 crore.
The promoters holding in the company stood at 74.80%, while Institutions and Non-Institutions held 8.92% and 16.28% respectively.
RattanIndia backed Revolt Motors has expanded its retail presence in Southern India with the opening of their new store for electric bikes in Vijaywada, Andhra Pradesh. Earlier, the company opened its first outlet in Vizag and this is the 2nd store in the state and 20th retail outlet across the country.
The Andhra Pradesh government has also introduced policies to encourage faster adoption and manufacturing of electric vehicles (EVs). The state government offers various subsidies for customers like 100% road tax exemption for newly-purchased EVs. Andhra Pradesh’s EV policy supports every aspect of electric mobility and is focused on accelerating the adoption of EVs.
RattanIndia Enterprises is engaged in the business of Power generation, transmission and distribution of power and power advisory.
