WardWizard Innovations gains on reporting 116% rise in electric two-wheelers sales in November 2022
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Wardwizard Innovations & Mobility is currently trading at Rs. 74.10, up by 0.35 points or 0.47% from its previous closing of Rs. 73.75 on the BSE.
The scrip opened at Rs. 73.90 and has touched a high and low of Rs. 74.75 and Rs. 72.40 respectively. So far 438398 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 100.70 on 17-Jan-2022 and a 52 week low of Rs. 47.80 on 26-May-2022.
Last one week high and low of the scrip stood at Rs. 74.85 and Rs. 65.15 respectively. The current market cap of the company is Rs. 1939.19 crore.
The promoters holding in the company stood at 70.09%, while Institutions and Non-Institutions held 0.30% and 29.61% respectively.
WardWizard Innovations and Mobility, India’s leading manufacturer of electric two-wheelers brand ‘Joy e-bike’, has reported 116% growth in electric two-wheelers sales in November 2022. The company has sold 7,123 units of electric two-wheelers in November 2022, marking the highest-ever sales in any month amidst all the challenges. The new mix of high-speed and low-speed product portfolios has made the Joy e-bike, one of the most preferred brands across all customer segments.
Backed by its robust product portfolio including high-speed and low-speed models, the company logged a growth of 116% as compared to the last month, when the total sales stood at 3,290 units.Keeping pace with its strong sales performance, the company has already sold more than 25,093 units of electric two-wheelers in the current financial year (April-November 2022), achieving a growth of 85% as compared to the same period of last year, where the sales stood at 13,480 units.
Wardwizard Innovations and Mobility is an innovation-driven company which is India's First BSE listed EV manufacturing company.
