Promoter bought 23,91,304 shares: Penny EV stock under Rs 50 in focus on major updates; Trades at low PE
The shares of the company have a PE of 15x, an ROE of 20 per cent and an ROCE of 20 per cent.
On Thursday, shares of Tunwal E-Motors Ltd were trading at Rs 32.35 per share from its previous closing of Rs 32.35 per share. The stock’s 52-week high is Rs 64 per share and its 52-week low is Rs 27.25 per share
Incorporated in December 2018, Tunwal E-Motors Limited specializes in the design, development, manufacturing, and distribution of electric two-wheelers. The company boasts a diverse product portfolio with over 23 different scooter models across 6 variants. Notably, 75% of their products are low-speed vehicles that do not require registration, while the remaining 25% are high-speed vehicles that do. Tunwal E-Motors Limited has established a significant geographical presence, operating in 19 states through a network of more than 256 dealers.
Update 1: Tunwal E-Motors achieved notable success at the Auto Cluster Expo 2025 in Pimpri-Chinchwad, Maharashtra. The company's presence facilitated significant B2B engagement, securing over 500 confirmed orders from existing dealers, who showed strong confidence in Tunwal's product portfolio and after-sales support. Tunwal also implemented exclusive reward programs to further enhance dealer satisfaction. On the B2C front, the expo enabled direct interaction with EV enthusiasts and walk-in customers, leading to direct vehicle sales. This highlights growing consumer trust in the Tunwal brand and increasing demand for eco-friendly transportation. Tunwal E-Motors remains committed to expanding its dealership footprint and scaling production to meet the rising demand for electric two-wheelers in both urban and semi-urban markets, reinforcing its mission to provide reliable, affordable, and eco-conscious mobility to Indian consumers.
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Update 2: Tunwal E-Motors Company has received In-Principle Trading Approval and subsequent listing on the Exchange for 23,91,304 equity shares of Rs 2s each. These shares, issued on a preferential basis, bear distinctive numbers from 55301081 to 57692384 and are locked in until November 30, 2026. The official listing and admission to dealings commenced on May 28, 2025.
The promoters of the company bought 23,91,304 shares and increased their stake to 63.90 per cent in April 2025 compared to March 2025. The company has a market cap of Rs 185 crore and has delivered good profit growth of 212 per cent CAGR over the last 5 years. The shares of the company have a PE of 15x, an ROE of 20 per cent and an ROCE of 20 per cent. The stock is up by 18.7 per cent from its 52-week low of Rs 27.25 per share.
Disclaimer: The article is for informational purposes only and not investment advice.