Wardwizard Innovations jumps on inking MoU with Ampvolts

25 Nov 2024 Evaluate

Wardwizard Innovations & Mobility is currently trading at Rs. 43.98, up by 1.08 points or 2.52% from its previous closing of Rs. 42.90 on the BSE.

The scrip opened at Rs. 43.20 and has touched a high and low of Rs. 44.57 and Rs. 43.10 respectively. So far 839827 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 86.50 on 15-Jan-2024 and a 52 week low of Rs. 39.90 on 23-Oct-2024.

Last one week high and low of the scrip stood at Rs. 45.00 and Rs. 42.00 respectively. The current market cap of the company is Rs. 1150.96 crore.

The promoters holding in the company stood at 54.52%, while Non-Institutions held 45.47% stake in the company.

Wardwizard Innovations & Mobility has signed a Memorandum of Understanding (MoU) with Ampvolts; formerly Quest Softech (India), a prominent EV charging stations and infrastructure provider. This strategic collaboration aims to advance green mobility solutions by leveraging the synergies of both organizations to develop robust EV charging infrastructure in India and globally.

As part of the agreement, the company will play a pivotal role in identifying strategic locations for setting up EV charging stations and serving as the frontend partner for key projects. The company will also ensure the provision of necessary resources, including financial support, to bolster the development of a comprehensive EV ecosystem.

Ampvolts will complement this partnership by supplying state-of-the-art electric vehicle charging equipment, including chargers and associated hardware, to the company. They will also provide customized CMS software solutions to facilitate payment gateways and online monitoring systems. The company will also extend its Battery as a Service (BaaS) offerings to the company’s B2B clients, delivering innovative and comprehensive solutions to enhance business operations.

Wardwizard Innovations & Mobility is an innovation-driven company which is India's First BSE listed EV manufacturing company.

Wardwizard Innovat. Share Price

39.04 1.18 (3.12%)
23-Dec-2024 15:31 View Price Chart
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