01 Dec 2023

Wardwizard Innovations moves higher on inking MoU with Triton EV

Wardwizard Innovations is currently trading at Rs. 53.00, up by 2.86 points or 5.70% from its previous closing of Rs. 50.14 on the BSE.

The scrip opened at Rs. 54.00 and has touched a high and low of Rs. 55.00 and Rs. 52.94 respectively. So far 2590172 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 78.00 on 06-Dec-2022 and a 52 week low of Rs. 33.21 on 13-Jul-2023.

Last one week high and low of the scrip stood at Rs. 55.00 and Rs. 49.35 respectively. The current market cap of the company is Rs. 1386.89 crore.

The promoters holding in the company stood at 70.45%, while Non-Institutions held 29.55% in the company.  

Wardwizard Innovations & Mobility (WIML) has signed a Memorandum of Understanding (MoU) with Triton EV, a distinguished U.S.-based electric vehicle manufacturer. This strategic collaboration spans five years and aims to revolutionize the electric vehicle landscape in both India and the UAE. Under this strategic alliance, Triton EV has selected WIML as its manufacturing partner for Battery Operated trucks in India and UAE. Furthermore, WIML will expand its manufacturing capabilities to produce Two-wheelers and Three-wheelers for Triton EV. 

The collaboration emphasizes a shared commitment to fostering the growth of the electric vehicle industry and aligning with the government's vision of enhancing green mobility. Triton EV's commitment includes the Transfer of Technology for hydrogen battery packs used in two and three-wheelers, coupled with vital technology assistance for setting up production lines and expansion in India.

Wardwizard Innovations and Mobility is an innovation-driven company which is India's First BSE listed EV manufacturing company.