OLA's Competitor Records 16,000 Bookings in Just One Week for its Newly Launched RV1 Electric Motorcycle – FIIs and DIIs Increase Stake in Q1 FY25!
The company’s shares have delivered an impressive multibagger return of over 3,750 per cent in the past 5 years.
Revolt Motors, India's leading electric motorcycle manufacturer, has launched its new RV1 and RV1+ models, generating significant customer interest with 16,000 bookings in just one week.
This tremendous response highlights the growing excitement and acceptance of India’s first commuter electric motorcycle, positioning the RV1 as a groundbreaking innovation in the two-wheeler market. Launched on September 17, 2024, by Hon'ble Nitin Gadkari, Minister of Road Transport & Highways, the RV1 is priced at Rs 84,990, with the premium RV1+ available for Rs 99,990. Revolt Motors remains committed to delivering cutting-edge products alongside exceptional service, ensuring a superior ownership experience for its customers.
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RattanIndia Enterprises Ltd, the flagship company of the RattanIndia Group, focuses on tech-driven, new-age businesses, including e-commerce, electric vehicles, and drones.
Currently, the shares of RattanIndia Enterprises Ltd are at around Rs 81.80 per share on the BSE. The company’s current market capitalization stands at Rs 11,306.97 crore. Additionally, the shares have delivered an impressive multibagger return of over 3,750 per cent in the past 5 years.
As per the Quarterly Results, in the Q1 FY25, RattanIndia Enterprises Ltd recorded a revenue of Rs 2494 crore compared to Rs 1268 crore, representing a 97 per cent YoY growth. The operating profit stood at Rs 1031 crore compared to Rs 2 Crore. The net profit stood at Rs 851 crore compared to a profit of Rs 178 crore.
According to the company's shareholding pattern, the promoters hold a 74.86 percent stake. Public investors own 16.55 per cent of the shares, while Foreign Institutional Investors (FIIs) hold 8.42 per cent and Domestic Institutional Investors (DIIs) own 0.07 per cent. Both the FIIs and DIIs increased their stake in the company according to the recent update.
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Disclaimer: The article is for informational purposes only and not investment advice.