Multibagger Penny Stock under Rs 60:
Share of Wardwizard Innovation & Mobility, in focus on showing its strong sales of electric vehicles under the brand “Joy e-bike,” rose 38 per cent to 3,543 units in December.
A government initiative made in India, “Atmanirbhar Bharat” fuelled this electric vehicle manufacturing stock to deliver impressive performance in 2023 and sold a total of 23,926 electric two-wheelers.
In the first nine months of fiscal year,17,000 units were dispatched, and the company’s Joy e-bike showed stellar growth in electric two-wheelers.
Whereas Warwizard Innovation, India’s electric two-wheeler partnered with US-based ‘Triton’ EV for five years to revolutionize EV space in UAE and India.
Furthermore, Triton ties up with Warwizard Innovation to be a strong contender in manufacturing electric two-wheelers, three-wheelers, and trucks and for joint venture and hydrogen battery development.
Company Overview
multi-bagger penny stock under Rs 60, Warwizard Innovation is one of the fastest growing( in the electric vehicle segment) companies.
The company has delivered impressive quarterly numbers and dispatched 3,543 units of electric two-wheeler vehicles in December 2023.
Stock Performance
Wardwizard Innovation has a market cap of Rs 1887 crore with a return on equity is 12.3 per cent, and RoCE is 17.7 per cent. 52-week high of the stock is Rs 75.8 and 52-week low is Rs 33.2.
Multibagger Penny Stock has delivered returns of 72 per cent in the last six months and in five years returns of 876 per cent.