Rattanindia Enterprises Ltd: Rattanindia Enterprises Ltd shares were in the news today on Wednesday. The company’s stock saw a 2.3% rise in intraday today. The company’s shares reached an intraday high of Rs 84.72. This rise in the shares has come after its subsidiary announced the launch of a new e-bike. In fact, the company has told the stock market that its wholly-owned subsidiary Revolt Intellicorp Private Limited has launched its new electric motorcycle.
what is the detail
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 debut at the Colombo EV Expo and a warm welcome from local enthusiasts, Revolt is set to launch its models across Colombo with plans for nationwide expansion. Revolt’s motorcycles are known for their AI-enabled technology. By 2029, Revolt plans to open 90 dealerships across Sri Lanka, starting with 15 in the next four months.
Also read: Shares increased from 10 paise to ₹ 2, now the company has announced entry into new business
condition of shares
The company’s shares have a ROE of 76 percent and ROCE of 36 percent. The company’s market cap is Rs 11,265.50 crore and the 5-year stock price CAGR is 120 percent. The stock is up 75.4 percent from its 52-week low of Rs 48.45 per share. In five years, the company’s stock has risen from Rs 5 to the current price. During this period, it has made a huge profit of about 1400%. Let us tell you that the 52-week high price of the company’s shares is Rs 94.85 and the 52-week low price is Rs 48.45.
