Shares of Wardwizard ride high on reporting sales surge in December of Joy E-bike

About expansion and Sales

Joy e-bike, the flagship brand of Wardwizard Innovations & Mobility Limited, is revving up for a stellar future following a December sales surge of 38%. With 3,543 units dispatched, the electric two-wheeler giant outpaced its November performance and capped off a phenomenal year with 23,926 units sold in CY 2023. This marks a significant leap compared to the first three quarters (April-December 2023), where Joy’s e-bike already achieved impressive sales of 17,919 units.

Fueled by surging demand for sustainable mobility solutions, Joy e-bike has carved a strong niche in the Indian market. Its wide network across the country ensures accessibility, further propelling its growth. Joy e-bike will be unveiling its newest concept, two and three-wheelers, designed to cater to both personal and commercial needs. Whether you’re seeking a sleek personal ride or a powerful solution for your business, Joy e-bike has something for everyone. With consistent growth, a robust product pipeline, and an unwavering commitment to innovation, Wardwizard Innovations & Mobility Limited is poised to be a major player in the electric vehicle revolution.

Share Price Movement 

Today, the shares of Wardwizard Innovations & Mobility Ltd closed at Rs 57.05 up by 0.17 points or 0.30% from than previous closing of Rs 56.88. Today, the share opened at Rs 57.39 and touched intraday highs and lows of Rs 57.60 and Rs 56 respectively. The share has a 52-week high of Rs 68.70 and a 52-week low of Rs 33.21.

About Company 

Wardwizard Innovations & Mobility Limited, formerly known as Manvijay Development Company Limited, is a publicly listed company incorporated in 1982. It changed control and management in 2019 after an Open Offer by acquirers, Mr. Yatin Gupte & others. The company was listed on the Bombay Stock Exchange in February 2015 and changed its name to Wardwizard Innovations & Mobility Limited on June 9, 2020. The company focuses on manufacturing and selling electrical vehicles, spare parts, home appliances, white goods, and digital business process support services.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.