OLA’s Peer Multibagger EV Stock Under Rs 50 Jumps After Announcing Expansion of Product Portfolio in Both Joy e-rik and Joy e-bike Business Verticals
The stock is up by 10 per cent from its 52-week low of Rs 39.90 per share and gave multibagger returns of 500 per cent in 5 years.
On Friday, shares of OLA’s Peer - Wardwizard Innovations & Mobility Ltd gained 4 per cent to Rs 43.90 per share from its previous closing of Rs 42.21 per share.
Wardwizard Innovations & Mobility Limited (WIML), a leading electric vehicle manufacturer, has expanded its product portfolio with the launch of new electric three-wheelers and a high-speed electric scooter. The company's focus on sustainable mobility and innovative technology has positioned it as a key player in the Indian EV market.
WIML has introduced two new passenger electric three-wheelers under the Joy e-rik brand: the Joy e-rik V1 (L5) and the Joy Bandhu (L3). The Joy e-rik V1 (L5) offers a range of 140 km on a single charge and a top speed of 50 km/h. It is equipped with a 10.24 kWh lithium-ion battery and features a comfortable seating capacity for three passengers. The Joy Bandhu (L3), powered by a 48V BLDC motor, offers a range of 100-120 km on a single charge and a top speed of 45 km/h.
In the commercial segment, WIML has launched the Joy Sahayak + Cargo (L5) and the Joy Eco Loader (L3). The Joy Sahayak + Cargo (L5) is a powerful electric loader with a payload capacity of 650 kg+Driver and a range of 120-130 km on a single charge. The Joy Eco Loader (L3) is a compact electric loader with a payload capacity of 310 kg+Driver and a range of 100-120 km on a single charge.
To cater to the growing demand for high-speed electric scooters, WIML has unveiled the all-new Nemo. Priced at an introductory price of INR 99,000 (ex-showroom Mumbai), the Nemo offers a range of 130 km on a single charge and a top speed of 65 km/h. The scooter is equipped with a 72V, 40Ah lithium-ion (NMC) battery and a 1500W DC Brushless Hub Motor (BLDC). It features a digital speedometer, a 5-inch TFT display, and advanced safety features like a combi-brake system and a smart remote lock.
DSIJ’s 'Tiny Treasure' service recommends researched Small-Cap stocks with Inherent Growth Potential. If this interests you, do download the service details here.
About Wardwizard Innovations & Mobility Limited
Wardwizard Innovations & Mobility Limited is one of India’s leading auto manufacturing companies in the Electric Vehicle (EV) segment under the brand name Joy e-bike and Joy e-rik. Being the first listed entity on BSE in Electric Vehicle manufacturing, it is mainly focused on the growth potential in the Indian EV segment to have a positive impact in the future. Given the current state of the environment, where fuel-powered vehicles account for the vast bulk of carbon emissions, the company is promoting improvement by offering cleaner, greener options that produce no emissions. With more than 10 models in its portfolio in both high and low-speed categories, the Company has established a strong presence in more than 400+ cities across India and aspires to boost this number throughout the country.
The company falls under the BSE Small-Cap Index with a market cap of over Rs 1,100 crore. The stock’s 52-week high of Rs 86.50 and its 52-week low is Rs 39.90. The stock is up by 10 per cent from its 52-week low of Rs 39.90 per share and gave multibagger returns of 500 per cent in 5 years. Investors should keep an eye on this small-cap EV stock.
Disclaimer: The article is for informational purposes only and not investment advice.