Wardwizard Innovations & Mobility Limited: A Leader in Electric Vehicle Manufacturing

Wardwizard Innovations & Mobility Limited, a publicly-held electric vehicle manufacturing company based in India, has been making significant strides in the electric vehicle sector. The company is known for its eco-friendly electric scooters and vehicles, which are not only popular in India but also in multiple countries, including Uganda and Nepal.

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The company's commitment to sustainability and innovation has positioned it as a leader in the electric vehicle manufacturing sector. Its products are designed with the latest technology, ensuring high performance and efficiency. The company's focus on eco-friendly solutions aligns with the global shift towards sustainable transportation, making it a key player in this evolving market.

A Significant Milestone: $1.3 Billion EV Contract from Beulah International

Recently, Wardwizard Innovations & Mobility Limited announced that it had secured a substantial order worth $1.29 billion (Rs 10,768 crore) from Beulah International Development Corporation, a Philippines-based firm. This news led to a 20 percent surge in the company's shares, hitting the upper circuit.

As part of the deal, Wardwizard will supply electric two-wheelers and three-wheelers in both commercial and passenger segments. Additionally, the company will also develop four-wheeler commercial vehicles for the Philippine market. This contract marks a significant milestone for the company and underscores its growing influence in the global electric vehicle market.

Supporting the Philippine Government's Public Utility Vehicle Modernisation Programme (PUVMP)

This partnership with Beulah International Development Corporation supports the Philippine government's Public Utility Vehicle Modernisation Programme (PUVMP). Led by the department of transportation, the initiative aims to enhance daily transportation service by replacing outdated petrol and diesel vehicles with modern electric alternatives.

The collaboration with Wardwizard Innovations is expected to significantly contribute to the advancement of electric mobility and sustainable transportation in the Philippines. This aligns with the company's mission to promote eco-friendly transportation solutions and reinforces its commitment to sustainability.

Financial Strength and Stock Performance

Wardwizard Innovations Share Company boasts a strong financial position. The total market cap of the company is Rs. 1,362.39 crores, and the company has a debt of only Rs. 12 crores. Additionally, the company also has free cash of Rs. 11 crores, indicating its strong liquidity position.

The promoters' holding of the company is recorded at 67.46%, demonstrating their confidence in the company's potential and future growth. This strong financial position places the company in a good stead to capitalize on the growing demand for electric vehicles and expand its operations further.

Due to the release of the company's stock on Bombay Stock Exchange, the company has gone to the website of BSE and informed that Wardwizard Innovations Share company has received an order of 1.29 billion i.e. 129 crores in India from the Philippines; this order is for the two wheeler, three wheeler commercial as well as passenger segment.

Due to receiving a big order, a big movement can be seen in Wardwizard Innovations Share. Currently, this stock is trading below ₹ 60 and its 52 week high level is Rs 86.50, while its 52 week low level is currently recorded at Rs 33.20.

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