52-week low in OLA’s peer penny EV stock under Rs 20: Company signs MoU with XiCon International for the leasing upto 7,500 electric scooters
The stock’s 52-week high of Rs 75.25 and its 52-week low is Rs 15.75.
Wardwizard Innovations & Mobility Limited, a prominent electric vehicle manufacturer, has announced a significant Memorandum of Understanding (MoU) with XiCon International. This strategic partnership involves the leasing of up to 7,500 Wolf+ electric scooters over a two-year period, to be deployed across 3-4 cities. This agreement is a crucial step towards expanding sustainable mobility solutions and aligns with Wardwizard Innovations & Mobility Limited's vision for growth and environmental sustainability. The company confirmed that it holds no shareholding in XiCon International Ltd.
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About the Company
Wardwizard Innovations & Mobility Limited is one of India’s leading auto manufacturing companies in the Electric Vehicle (EV) segment under the brand name Joy e-bike and Joy e-rik. Being the first listed entity on BSE in electric vehicle manufacturing, it is mainly focused on the growth potential in the Indian EV segment that will have a positive impact in the future. Given the current state of the environment, where fuel-powered vehicles account for the vast bulk of carbon emissions, the company is promoting improvement by offering cleaner, greener options that produce no emissions. With more than 10 models in its portfolio in both high and low-speed categories, the Company has established a strong presence in more than 400+ cities across India and aspires to boost this number nationwide.
The company has a market cap of Rs 400 crore. The stock’s 52-week high of Rs 75.25 and its 52-week low is Rs 15.75.
Disclaimer: The article is for informational purposes only and not investment advice.