Rattanindia Enterprises Share Price | After this news, this stock gained momentum, there will be a strong jump in the future too – Hindi News
Rattanindia Enterprises Share Price | Shares of RattanIndia Enterprises were in the news on Wednesday. The company's shares rose 2.3 per cent to Rs 84.72 intraday. The reason for the rise in the shares is that RattanIndia's subsidiary has announced the launch of a new e-bike. The company told the stock exchanges that its wholly-owned subsidiary Revolt Intellicorp Private Limited has launched its new electric motorcycle. (RatanIndia Enterprises Limited Company Excerpt)
Entering the Sri Lankan market in partnership
On September 16, RattanIndia's Revolt Motors announced its entry into the Sri Lankan market in partnership with Evolution Auto Pvt Ltd. After a successful launch at the Colombo EV Expo and strong response from the locals, Revolt Motors is set to launch its model in Colombo with plans for nationwide expansion. Revolt's motorcycles are known for their artificial intelligence enabled technology. Revolt plans to open 90 dealerships in Sri Lanka by 2029, with 15 opening in the next four months.
Stock Performance
The company has a Return on Shares of 76 per cent and ROCE of 36 per cent. The market capitalization of the company is Rs 11,265.50 crore and the 5-year share price CAGR is 120 per cent. The stock is up 75.4 per cent from its 52-week low of Rs 48.45 per share. In five years, the company's shares have risen from Rs 5 to its current price. During this period, there has been a huge profit of about 1400 per cent. The company's shares have a 52-week high price of Rs 94.85 and a 52-week low price of Rs 48.45.
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