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Wardwizard Innovations shines on inking MoU with Government of Gujarat

Wardwizard Innovations & Mobility Ltd. | Automobile Two & Three Wheelers | Automobiles | BSE: 538970 | NSE:

26 Oct 2023 Evaluate

Wardwizard Innovations & Mobility is currently trading at Rs. 41.18, up by 3.19 points or 8.40% from its previous closing of Rs. 37.99 on the BSE.

The scrip opened at Rs. 37.50 and has touched a high and low of Rs. 43.00 and Rs. 36.61 respectively. So far 1982921 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 78.00 on 06-Dec-2022 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. 43.00 and Rs. 36.61 respectively. The current market cap of the company is Rs. 1074.06 crore.

The promoters holding in the company stood at 70.45%, while Non-Institutions held 29.55% stake in the company.

Wardwizard Innovations & Mobility has signed a Memorandum of Understanding (MoU) with the Government of Gujarat to invest Rs 2,000 crore in the development of an Electric Vehicle Ancillary Cluster by 2024. This agreement is geared towards fostering the growth of the electric vehicle industry and aligning with the government's vision of enhancing green mobility within the state.

Under this agreement, Wardwizard is set to make a substantial investment of Rs 2,000 crore, spanning various critical areas. This includes research and development of electric 2 & 3 wheelers, the establishment of motor assembly at Vadodara's facility, Li-ion Cell production, and the development of ancillaries for raw material manufacturing. Furthermore, this initiative is expected to generate over 5,000 employment opportunities within the state, making a profound impact on both the electric mobility sector and the regional job market.

Wardwizard Innovations and Mobility is an innovation-driven company which is India's First BSE listed EV manufacturing company.

Wardwizard Innovat. Share Price

8.74 -0.36 (-3.96%)

17-Apr-2026 16:59 View Price Chart

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Wardwizard Innovations shines on inking MoU with Government of Gujarat

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