OLA Peer’s Company EV-Penny Stock Under Rs 70 In Focus As Company Expands Reach with New Dealerships; Driving India’s Electric Mobility Revolution
OLA Peer’s Company, Revolt Motors, a subsidiary of Rattan India Enterprises Ltd, is expanding its reach across India to make electric mobility more accessible. With the addition of 14 new dealerships in November, the total network now stands at 153 locations. This strategic move brings Revolt's advanced electric motorcycles closer to riders in both urban and regional areas, including cities like Hubli, Muzaffarpur, Katihar, and more.
At these dealerships, customers can explore Revolt's range of electric motorcycles, including the recently launched RV1, RV1+, and the upgraded RV400. Each dealership offers comprehensive services, such as test rides, expert guidance, and aftersales support, ensuring a smooth transition to electric mobility. By expanding its presence, Revolt Motors aims to accelerate India's shift towards cleaner transportation solutions and solidify its position as a leader in the electric two-wheeler market.
Revolt Intellicorp, the visionary force behind Revolt Motors, is at the forefront of India's electric vehicle revolution. Founded in 2017, the company is committed to democratizing clean commutes by offering futuristic mobility solutions. With a focus on innovation, performance, and aesthetics, Revolt has introduced India's first AI-enabled motorcycle, setting new standards for two-wheeler transportation. Beyond motorcycles, Revolt Intellicorp provides a comprehensive range of genuine parts and accessories through its authorized dealerships, ensuring a seamless electric riding experience. Join Revolt in shaping the future of smart, sustainable mobility.
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About the Company
RattanIndia Enterprises Limited is a public-listed company and serves as the growth engine of the RattanIndia Group dedicated to pioneering new-age businesses. With a focus on innovative technologies, RattanIndia Enterprises is driving the transformation of various industries, including Electric Mobility (Revolt Motors), E-commerce (Cocoblu Retail), Fashion brands (Neo Brands), Fintech (WeFin), and Drones (Neosky), to impact the lives of millions of Indians positively.
According to Quarterly Results, the net sales increased by 12 per cent to Rs 1,800.62 crore in Q2FY25 compared to Q2FY24. The company reported net loss of Rs 241.59 crore in Q2FY25. In its annual results, the net sales increased by 36 per cent to Rs 5,609.6 crore in FY24 compared to Rs 4,123.8 crore in FY23. The company reported a net profit of Rs 424.5 crore in FY24 compared to a net loss of Rs 273.5 crore in FY23, an increase of 255 per cent.
The company has a market cap of Rs 8,518 crore with a 5-year stock price CAGR of 120 per cent. The stock is up by 7.33 per cent from its 52-week low of Rs 59.20 per share and a whopping 4,000 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.