Wardwizard Innovations catches speed on logging 112% rise in electric two-wheelers sales in February
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Wardwizard Innovations & Mobility is currently trading at Rs. 68.60, up by 1.80 points or 2.69% from its previous closing of Rs. 66.80 on the BSE.
The scrip opened at Rs. 69.00 and has touched a high and low of Rs. 69.60 and Rs. 66.99 respectively. So far 754945 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 86.50 on 15-Jan-2024 and a 52 week low of Rs. 33.21 on 13-Jul-2023.
Last one week high and low of the scrip stood at Rs. 72.99 and Rs. 64.79 respectively. The current market cap of the company is Rs. 1776.11 crore.
The promoters holding in the company stood at 68.42%, while Institutions and Non-Institutions held 0.04% and 31.53% respectively.
Wardwizard Innovations & Mobility has witnessed a remarkable 112% increase in sales of its electric two-wheelers compared to same period of previous year, dispatching 2,018 units in February 2024, a significant rise from 953 units in February 2023. Additionally, the company sold 11 electric three-wheelers in February 2024. In another major milestone, Wardwizard Innovations & Mobility crossed more than 100,000 electric two-wheeler sales in India. The company further rolled out its 100,000th unit, Mihos, from its state-of-the-art manufacturing plant in Vadodara to mark the achievement.
Beyond the impressive sales figures in the month of February 2024, Wardwizard Innovations & Mobility showcased its commitment to innovation at the recently concluded Bharat Mobility Global Expo 2024. At the expo, the company unveiled the concept of its first hydrogen-powered electric two-wheeler and showcased its current product line-up, including high and low-speed models and the electric three-wheeler under the brand name 'Joy e-rik.' Furthermore, the 'Joy e-bike' brand received the prestigious ‘Rising Brands of Asia 2023-24 Award’ at the Global Business Symposium (GBS) held in Dubai, UAE, in recognition of its efforts to revolutionize India's mobility landscape.
Wardwizard Innovations & Mobility is an innovation-driven company which is India's First BSE listed EV manufacturing company.
