RattanIndia Enterprises jumps as its Revolt Motors launches RV400, RV400 BRZ in Sri Lanka
RattanIndia Enterprises is currently trading at Rs. 65.52, up by 1.57 points or 2.46% from its previous closing of Rs. 63.95 on the BSE.
The scrip opened at Rs. 64.88 and has touched a high and low of Rs. 67.47 and Rs. 64.30 respectively. So far 483561 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 94.85 on 08-Feb-2024 and a 52 week low of Rs. 59.20 on 04-Jun-2024.
Last one week high and low of the scrip stood at Rs. 67.47 and Rs. 61.22 respectively. The current market cap of the company is Rs. 9067.69 crore.
The promoters holding in the company stood at 74.86%, while Institutions and Non-Institutions held 4.93% and 20.21% respectively.
RattanIndia Enterprises' Revolt Motors has made its highly anticipated debut in Sri Lanka with the launch of its flagship models, the RV400 and RV400 BRZ. Hosted at the prestigious Water’s Edge, the event marked a significant milestone in Sri Lanka’s journey toward greener and more innovative transportation solutions.
With the first dealership already operational at Maradana Road, Colombo, Revolt Motors plans to establish a robust presence across the country by opening additional dealerships in 11 strategic locations, including Kurunegala, Madurankuliya, Matara, Embilipitiya, Elpitiya, Batticaloa, Kirindiwela, Horana, Kelaniya, and Tangalle.
Revolt’s flagship model, the RV400, is a game-changer in the electric motorcycle landscape. Designed to meet the needs of Sri Lankan riders, it offers a range of up to 160 km on a single charge and a top speed of 85 km/h, making it perfect for both urban commuting and longer journeys. With features such as customizable riding modes (Eco, City, and Sport), AI-enabled connectivity, and mobile app integration, the RV400 combines performance, innovation, and affordability.
RattanIndia Enterprises focuses on innovative technologies that have the potential to transform the lives of over a billion Indians. Key businesses include electric mobility (Revolt Motors), e-commerce (Cocoblu Retail), fashion brands (Neobrands), fintech (WeFin), and drones (Neosky).
