Keep an eye on this multibagger stock priced at less than Rs 45, which is making waves in the stock market.

New Delhi: In the domestic stock market, the market slipped from the upper level on Tuesday and the bullish trend that had been going on for two consecutive trading sessions came to an end. Although Nifty was up by more than 100 points, it closed at the level of 24194 after a fall of 27 points. The market remained bullish for the third consecutive day, but selling pressure was seen at the upper levels and Nifty showed selling pressure at the level beyond 24300. After two days of rally, some investors came into profit booking mode.

Some stock specific action was also seen in the market. There was movement in some stocks due to news. Shares of EV charging stock Wardwizard Innovations & Mobility Ltd saw movement on Tuesday. Wardwizard Innovation & Mobility Limited, one of the electric vehicle manufacturers operating under the Joy e-Bike and Joy e-Rec brands, has signed a Memorandum of Understanding (MoU) with Empvolts Limited.

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Objective to promote EV eco system

Previously Quest Softech (India) Limited, a leading EV charging station and infrastructure provider. This strategic collaboration aims to advance green mobility solutions by leveraging the activities of both organizations to develop robust EV charging infrastructure in India and globally. As part of the agreement, Wardwizard Innovation & Mobility Ltd will play a key role in identifying strategic locations to set up EV charging stations and serve as the frontend partner for the key project. The company will also ensure provision of necessary resources, including financial support, to promote the development of a comprehensive EV eco system.

500 percent return in 5 years

The company belongs to the BSE small-cap index with a market cap of over Rs 1,100 crore. The 52-week highest price of the stock is Rs 86.50 and 52-week lowest price is Rs 39.90. The stock is up 12 per cent from its 52-week low price of Rs 39.90 per share and has given multibagger returns of 500 per cent in 5 years.