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Jindal Worldwide surges on acquiring Earth Energy EV

Jindal Worldwide Ltd. | Textile | Textiles & Apparels | BSE: 531543 | NSE: JINDWORLD

06 May 2022 Evaluate

Jindal Worldwide is currently trading at Rs. 311.00, up by 3.35 points or 1.09% from its previous closing of Rs. 307.65 on the BSE.

The scrip opened at Rs. 307.55 and has touched a high and low of Rs. 311.90 and Rs. 293.65 respectively. So far 79 shares were traded on the counter.

The BSE group 'T' stock of face value Rs. 1 has touched a 52 week high of Rs. 387.75 on 19-Apr-2022 and a 52 week low of Rs. 45.90 on 06-May-2021.

Last one week high and low of the scrip stood at Rs. 315.00 and Rs. 289.00 respectively. The current market cap of the company is Rs. 6169.01 crore.

The promoters holding in the company stood at 61.32%, while Institutions and Non-Institutions held 0.13% and 38.54% respectively.

Jindal Worldwide through its subsidiary -- Jindal Mobilitric has acquired Mumbai-based electric vehicle start-up Earth Energy EV. In addition, Jindal Mobilitric will set up a new manufacturing plant in Ahmedabad which will supplement the existing Earth Energy manufacturing facility in Maharashtra.

The acquisition will see Jindal Mobilitric take over the indigenously developed technology platform as well as Earth Energy's brands - Glyde SX and the Glyde SX+ -variants of its commuter scooter as well as the -Evolve R and the Evolve S commuter and cruiser motorcycles.

The EV start-up has already appointed distributors across 10 states including - Maharashtra, Gujarat, Karnataka, Kerala, Tamil Nadu, Telangana, Andhra Pradesh, Chhattisgarh, Madhya Pradesh and Orissa, which will be retained by Jindal Mobilitric. In addition, the company will also add new touch points by strengthening the distributor network in each market.

Jindal Worldwide engages in the manufacture, sale, and export of made ups and fabrics in India.

Jindal Worldwide Share Price

25.82 -0.66 (-2.49%)

20-Apr-2026 16:59 View Price Chart

Peers

Company Name	CMP
Welspun Living	126.75
Vardhman Textiles	549.50
Arvind	385.05
K.P.R. Mill	919.20
Page Industries	38400.65
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Jindal Worldwide surges on acquiring Earth Energy EV

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