RattanIndia Enterprises is currently trading at Rs. 81.18, up by 4.67 points or 6.10% from its previous closing of Rs. 76.51 on the BSE.
The scrip opened at Rs. 77.15 and has touched a high and low of Rs. 82.34 and Rs. 76.89 respectively. So far 398706 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 94.85 on 08-Feb-2024 and a 52 week low of Rs. 40.32 on 02-Aug-2023.
Last one week high and low of the scrip stood at Rs. 82.34 and Rs. 73.00 respectively. The current market cap of the company is Rs. 10953.10 crore.
The promoters holding in the company stood at 74.86%, while Institutions and Non-Institutions held 8.49% and 16.66% respectively.
RattanIndia Enterprises' Revolt Motors has received official approval from the Ministry of Heavy Industries to be eligible for Govt. of India’s EV subsidy schemes. Revolt Motors, as a responsible corporate citizen, had proactively paid back the past availed subsidies under FAME-II subsidy regime. With this step, all past issues related to FAME II subsidies stand fully resolved.
This is a significant step for the company since it not only makes Revolt Motors eligible for the current ongoing Electric Mobility Promotion Scheme (EMPS) 2024 subsidy for electric two wheelers but also the subsequent FAME III subsidy scheme which is expected to follow EMPS.
As part of current EMPS 2024 subsidy scheme, Revolt Motors will be eligible for Rs 10,000 per motorcycle as subsidy from Govt. of India. This will make Revolt motorcycles competitively priced in the market further boosting both the sales and profitability of the company in a big way. With this approval, Revolt Motors joins a select group of manufacturers dedicated to driving the nation towards a greener and more energy-efficient future.
RattanIndia Enterprises focuses on innovative technologies that have the potential to transform the lives of over a billion Indians. Key businesses include electric mobility (Revolt Motors), e-commerce (Cocoblu Retail), fashion brands (Neobrands), fintech (WeFin), and drones (Neosky).
| Company Name | CMP |
|---|---|
| SIS | 332.00 |
| TeamLease Services | 1773.40 |
| RattanIndia Ent | 41.18 |
| Updater Services | 296.10 |
| Krystal Integrated | 450.30 |
| View more.. | |
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Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
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Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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