02-11-2023 10:56 AM | Source: Accord Fintech
RattanIndia Enterprises surges as its Revolt Motors expands network with 52 new dealerships across India

Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel

RattanIndia Enterprises is currently trading at Rs. 55.81, up by 1.05 points or 1.92% from its previous closing of Rs. 54.76 on the BSE.

The scrip opened at Rs. 55.51 and has touched a high and low of Rs. 57.29 and Rs. 55.36 respectively. So far 184507 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 68.75 on 05-Sep-2023 and a 52 week low of Rs. 32.05 on 28-Mar-2023.

Last one week high and low of the scrip stood at Rs. 57.35 and Rs. 50.89 respectively. The current market cap of the company is Rs. 7718.59 crore.

The promoters holding in the company stood at 74.86%, while Institutions and Non-Institutions held 9.44% and 15.70% respectively.

RattanIndia Enterprises' Revolt Motors has expanded its network with 52 new dealerships across India, further reinforcing the company’s commitment to sustainable transportation, and expanding its reach across the country. Each of these dealerships offers a comprehensive range of services, including sales, after-sales support, genuine spare parts availability, and technical assistance. These facilities offer an immersive experience for both customers and electric vehicle enthusiasts, enabling them to explore the bike’s cutting-edge features, take test rides, and receive expert guidance.

These 52 new dealerships are strategically positioned across states, including Uttar Pradesh (12), Maharashtra (7), Bihar (5), Gujarat (5), Haryana (4), Madhya Pradesh (3), Kerala (3), Chhattisgarh (2), Delhi (2), Tamil Nadu (3), Jharkhand (1), Odisha (1), West Bengal (1), Rajasthan (1), Andhra Pradesh (1) and Telangana (1). This expansion is part of the company's goal to establish multiple dealerships in cities across India, making sustainable and eco-friendly commuting options accessible to a wider audience.

RattanIndia Enterprises is engaged in the business of Power generation, transmission and distribution of power and power advisory.