Shares of RattanIndia Enterprises, the flagship firm of the RattanIndia Group, regained momentum in Tuesday’s intraday session, leaping 10% to hit a four-week excessive of ₹58.25 apiece, pushed by a pointy surge in volumes.
In at the moment’s commerce, a complete of 72.8 million shares modified fingers on each the NSE and BSE as of two:30 p.m., marking a considerable 27-fold rise from the inventory’s common weekly quantity of two.7 million shares.
The inventory has been buzzing in latest periods after the corporate introduced that Revolt Motors, its electrical automobile model, has obtained robust bookings in August. This follows the launch of its ‘Azadi From Petrol’ marketing campaign, which affords advantages price as much as ₹20,000.
In its latest submitting, the corporate mentioned it had seen large demand from riders trying to change to electrical mobility. It additionally provided a zero-insurance price and extra financial savings throughout Revolt’s complete vary of AI-enabled electrical bikes.
Revolt’s product lineup contains the RV400, RV400 BRZ, RV1, RV1+, and RV BlazeX. All fashions are engineered for Indian riders, that includes related know-how, good using modes, and low operating prices. The model’s rising presence throughout 200+ Indian cities underscores its ambition to steer the EV two-wheeler revolution nationwide.
RattanIndia acquired a 100% stake within the Revolt model in January 2023, and since then, it has achieved 100% localisation and doubled its manufacturing facility output. The model presently has a pan-India presence with 211 shops unfold throughout 185 cities, with extra retailers within the pipeline.
Revolt additionally achieved the milestone of rolling out its 50,000th electrical bike, having offered 12,322 items in FY25, a 56% improve over FY24.
Past EVs, RattanIndia Enterprises is engaged in new-age companies spanning e-commerce (Cocoblu Retail), fintech (Wefin), trend (Neobrands), and drones (Neosky).
Shares bounce 900% in final 5 years
The corporate’s shares ended their extended bearish streak in March and have since maintained upward momentum, gaining 53%. Trying additional again, the inventory has surged practically 900% during the last 5 years.
On the monetary entrance, the corporate reported a internet revenue of ₹502 crore, down from ₹851 crore within the year-ago quarter. Income from operations stood at ₹2,313 crore, in contrast with ₹2,494 crore within the June 2024 quarter. The majority of its income continues to come back from the e-commerce section.
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