Multibagger EV-stock Under Rs 85 with 5,000 Per Cent Returns: Company Expands Presence with Second COCO Store in New Delhi's Gujranwala Town
The stock is up by 75 per cent from its 52-week low of Rs 46.50 per share and a whopping 5,000 per cent in 5 years.
Revolt Motors (a subsidiary of RattanIndia Enterprises Ltd), India’s leading electric motorcycle company, has expanded its footprint with the opening of its second company-owned store in Gujranwala Town, New Delhi. Following the success of its Karol Bagh store, this new facility aims to provide customers with an immersive electric vehicle experience. The store offers a comprehensive range of services including test rides, sales, and after-sales support. Customers can explore the popular RV400 and RV400 BRZ models and learn about the intricacies of electric motorcycles through interactive displays.
To enhance customer convenience, Revolt Motors also offers home test rides, allowing potential buyers to experience the electric motorcycles in their own environment. This new store reinforces Revolt's commitment to driving the adoption of sustainable mobility in India. With a focus on style, performance, and environmental responsibility, Revolt Motors continues to lead the charge in the electric vehicle market.
About the Company
Rattan India Enterprises Ltd, the flagship company of Rattan India Group, focuses on tech-driven new-age businesses across e-commerce, electric vehicles, fintech, and drones. Their e-commerce arm, Cocoblu, is an online retail platform partnered with various brands and leverages Amazon fulfilment centres. They also have Neobrands, a B2B online fashion apparel business with its own D2C brands. In electric vehicles, they acquired Revolt, achieving 100 per cent localization and expanding their store network. Their fintech subsidiary, Neotec, operates the digital lending platform 'Wefin' offering personal loans, vehicle loans and credit cards. Additionally, Neosky, their drone subsidiary, provides drones as products and services, with a pilot training program and new cargo and surveillance drone models.
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On Friday, shares of RattanIndia Enterprises Ltd surged 5.31 per cent to an intraday high of Rs 81.31 per share from its previous closing of Rs 77.21. The stock’s 52-week high is Rs 94.85 and its 52-week low is Rs 45.63. The stock has an ROE of 76 per cent and an ROCE of 36 per cent. The shares of the company saw a spurt in volume by more than 3.2 times on BSE.
The company has a market cap of over Rs 11,000 crore with a 5-year CAGR of 110 per cent. The stock is up by 75 per cent from its 52-week low of Rs 46.50 per share and a whopping 5,000 per cent in 5 years. Investors should keep an eye on this Small-Cap company.
Disclaimer: The article is for informational purposes only and not investment advice.
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