{"id":111328,"date":"2023-10-06T14:24:01","date_gmt":"2023-10-06T08:54:01","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=111328"},"modified":"2023-10-06T14:26:11","modified_gmt":"2023-10-06T08:56:11","slug":"ev-stock-jumps-up-to-5-after-it-reports-89-growth-in-sales-mom-do-you-own-it","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/ev-stock-jumps-up-to-5-after-it-reports-89-growth-in-sales-mom-do-you-own-it\/","title":{"rendered":"EV stock jumps up to 5% after it reports 89% growth in sales MoM; Do you own it?"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2860575902\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>This small-cap stock jumps more than 5% after the company announced a business update for September month. The stock price is being held up by strong and rising volume that is greater than usual compared to the previous day and week.<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-4197640413\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><h4 class=\"wp-block-heading\" id=\"h-wardwizard-innovation-mobility-ltd\"><strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/538970\/consolidated\" target=\"_blank\" rel=\"noreferrer noopener\">Wardwizard Innovation &amp; Mobility Ltd<\/a><\/strong><\/h4><p>Wardwizard Innovation &amp; Mobility Ltd the company has a market capitalisation of Rs. 1,042 Cr, making it a small-cap company. On Friday stock climbed over 5%, at 13:40 p.m., shares were trading 4.25% up at Rs. 39.96 on BSE.<\/p><p>According to the exchange filing, the company achieved remarkable sales figures in September 2023, with 2,824 units of both low-speed and high-speed electric two-wheelers. This achievement represents an 89% growth compared to the company\u2019s sales figures in August 2023, when it sold 1,496 units of electric two-wheelers.<\/p><p>The company\u2019s revenue declined by 30.7% from Rs. 54.67 Cr in Q1 FY23 to Rs. 37.87 Cr in Q1 FY24 and for the same period, net profits declined by 15% from Rs. 2.06 Cr to Rs. 1.75 Cr.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-927505948\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>As of June 2023, Promoters hold 70.09% and the public hold a 29.91% stake in the company.<\/p><p>Wardwizard Innovations &amp; Mobility Ltd. is one of India&#8217;s major auto manufacturing businesses in the Electric Vehicle (EV) segment, under the brand name Joy e-bike. It is primarily concerned with the potential for growth in the Indian EV industry to have a positive impact in the future.&nbsp;<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written by Sheshadri N<\/strong><\/p><\/blockquote><h4 class=\"wp-block-heading\"><strong>Disclaimer<\/strong><\/h4><div class=\"wp-block-image\"><figure class=\"aligncenter size-medium\"><img decoding=\"async\" width=\"300\" height=\"300\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/warning-disclaimer-300x300.png\" alt=\"\" class=\"wp-image-26306\"\/><\/figure><\/div><p><strong>The views and investment tips expressed by investment experts\/broking houses\/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.<\/strong><\/p><div class=\"trade-after-content\" id=\"trade-3326973020\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>This small-cap stock jumps more than 5% after the company announced a business update for September month. The stock price is being held up by strong and rising volume that is greater than usual compared to the previous day and week. Wardwizard Innovation &amp; Mobility Ltd Wardwizard Innovation &amp; Mobility Ltd the company has a [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":13622,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[31,1789],"tags":[948,936,12901,12902,12900],"class_list":["post-111328","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-stock-market","tag-stock-market-news","tag-wardwizard-innovation-mobility-latest-news","tag-wardwizard-innovation-mobility-q2-update","tag-wardwizard-innovation-mobility-share-price"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>EV stock jumps up to 5% after it reports 89% growth in sales MoM; Do you own it? - Trade Brains Features<\/title>\n<meta name=\"description\" content=\"This small-cap stock jumps more than 5% after the company announced a business update for September month. 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