Wardwizard Innovations and Mobility is currently trading at Rs. 72.25, up by 1.85 points or 2.63% from its previous closing of Rs. 70.40 on the BSE.
The scrip opened at Rs. 71.55 and has touched a high and low of Rs. 72.90 and Rs. 67.25 respectively. So far 83383 shares were traded on the counter.
The BSE group 'XT' stock of face value Rs. 1 has touched a 52 week high of Rs. 87.73 on 16-Mar-2021 and a 52 week low of Rs. 7.80 on 03-Jul-2020.
Last one week high and low of the scrip stood at Rs. 74.00 and Rs. 66.00 respectively. The current market cap of the company is Rs. 1589.78 crore.
The promoters holding in the company stood at 66.86% and Non-Institutions held 33.14%.
To strengthen government’s vision in promoting electric vehicles and controlling carbon footprints in environment, Wardwizard Innovations and Mobility has declared its sales expansion strategy in Gujarat.
The recently announced Electric Vehicle Policy-2021 by the state government of Gujarat has declared multiple incentives and initiatives for the EV customers and manufacturers both. The strong will-power of the government to bring a revolutionary evolvement in the sector of mobility is certainly going to impact the EV market. Considering the initiative and opportunity Wardwizard sets a target of selling more than 9k - 10k vehicles in the state including both high and low-speed models.
Further aligning with the government’s vision to protect the environment by preventing air pollution and boosting the sale of electric vehicles in the state, the company has further rolled up its sleeves and is aiming at dealership network expansion. Intending to reach maximum customers, a total of 100 dealerships (60 at present) are in plans to open up by the end of FY 2021-22. The dealerships will spread across in markets of Gujarat.
Wardwizard is an innovation-driven company which is India's First BSE listed EV manufacturing company.
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