2,300 per cent returns in this high ROE & ROCE multibagger stock: This EV manufacturer launches Limited Edition motorcycle on its 6th anniversary!

The stock has an ROE of 141.47 per cent and a ROCE of 123.23 per cent.

Revolt Motors, India's largest electric motorcycle company wholly owned subsidiary of RattanIndia Enterprises Ltd, is pleased to announce the introduction of the Limited Edition Stealth Black RV400 Electric Motorcycle. This highly anticipated release coincides with the company's 6th anniversary, marking a significant milestone in its journey towards reshaping the future of urban transportation. The Limited Edition RV400, presented in the captivating Stealth Black colour, redefines aesthetic boundaries and intensifies the thrill of electric riding for enthusiasts across the nation. This bold addition to the RV400 lineup embodies a harmonious fusion of advanced technology and timeless elegance.

Revolt Motors has launched a limited-edition version of its RV400 electric motorcycle in a stunning Stealth Black hue. The motorcycle features a deep, lustrous black finish, eye-catching golden upside-down front forks, a sporty yellow mono-shock, and matching all-black alloy wheels, swing arm, handlebars, and rear grip. The Limited Edition RV400 is a collector's dream for riders who demand more than mere transportation. It stands as a testament to individuality, innovation, and style.

On Wednesday, shares of RattanIndia Enterprises Ltd surged 0.73 per cent to Rs 51.16 per share with an intraday high of Rs 52.40 per share and an intraday low of Rs 51 per share. The stock has an ROE of 141.47 per cent and a ROCE of 123.23 per cent.

According to the Quarterly Results, the net sales increased by 83.85 per cent to Rs 1,267.80 crore, operating profit increased by 199 per cent to Rs 206.22 crore and net profit increased by 184 per cent to Rs 178.13 crore in Q1FY24 compared to Q1FY23.

The company has a market cap of over Rs 7,000 crore with a 3-year CAGR of 87 per cent. The stock gave multibagger returns of 410 per cent in 3 years, 1,280 per cent returns in 5 years and 2,300 per cent over a decade. Investors should keep an eye on this Small-Cap company.

Disclaimer: The article is for informational purposes only and not investment advice.