{"id":133595,"date":"2024-09-16T11:37:33","date_gmt":"2024-09-16T06:07:33","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=133595"},"modified":"2024-09-16T11:40:12","modified_gmt":"2024-09-16T06:10:12","slug":"ev-stock-jumps-5-after-company-expands-its-ev-business-in-sri-lanka","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/ev-stock-jumps-5-after-company-expands-its-ev-business-in-sri-lanka\/","title":{"rendered":"EV stock jumps 5% after company expands its EV business in Sri Lanka"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2242735540\"><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>Shares of this small-cap company, which specializes in e-commerce, electric vehicles, and drones, soared 5 percent following its Sri Lankan market entry with the launch of its inaugural electric bikes.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1534248552\"><!-- 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><h2 class=\"wp-block-heading has-medium-font-size\"><strong>Share Price Movement&nbsp;<\/strong><\/h2><p>In Monday&#8217;s trading session, <strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/RTNINDIA\/standalone\" target=\"_blank\" rel=\"noreferrer noopener\">RattanIndia Enterprises Ltd<\/a><\/strong>&#8216;s share price jumped 4.86 percent to an intra-day high of Rs.83.9, up from its previous close of Rs.80.01. The price has since eased to Rs.80.95 per share. Since its March 2021 listing, the stock has delivered a return of over 1330 percent.\u00a0<\/p><h2 class=\"wp-block-heading has-medium-font-size\"><strong>Rationale for the Rise&nbsp;<\/strong><\/h2><p>Revolt Motors, a subsidiary of RattanIndia Enterprises Ltd and India&#8217;s top electric motorcycle company, has announced its entry into the Sri Lankan market.&nbsp;<\/p><p>Partnering with Evolution Auto Pvt Ltd, a key player in Sri Lanka&#8217;s automotive sector, Revolt Motors aims to transform the country&#8217;s mobility landscape with its advanced, high-performance electric motorcycles tailored to a variety of rider needs.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-1089316919\"><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 part of its growth strategy, Revolt Motors plans to establish a <strong>network of 90 dealerships across Sri Lanka by 2029. <\/strong>The first phase will see 15 dealerships open within the next four months, responding to rising demand for electric mobility.&nbsp;<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Also Read: <a href=\"https:\/\/tradebrains.in\/features\/stock-hits-5-upper-circuit-after-announcing-15-bonus-issue-and-15-stock-split\/\" target=\"_blank\" rel=\"noreferrer noopener\">Stock hits 5% upper circuit after announcing 1:5 bonus and 1:5 stock split<\/a><\/strong><\/p><\/blockquote><p>Revolt Motors&#8217; AI-enabled electric motorcycles offer a smart, connected riding experience. With the Revolt App, riders can customize sound profiles, select riding modes, and track performance.\u00a0<\/p><p>All models will be available in Sri Lanka, catering to both thrill-seekers and daily commuters. Combining speed, comfort, and technology, these vibrant, zero-emission bikes add a personal touch to every ride.&nbsp;<\/p><h2 class=\"wp-block-heading has-medium-font-size\"><strong>Management Commentary&nbsp;<\/strong><\/h2><p>Speaking on the announcement, Ms. Anjali Rattan, Chairperson of RattanIndia Enterprises Limited, the parent company of Revolt Motors, stated, \u201cOur entry into Sri Lanka is not just a business move; it is a commitment to driving the global transition to sustainable mobility.&nbsp;<\/p><p>We are confident that the people of Sri Lanka will embrace the freedom, innovation, and environmental consciousness that Revolt Motors stands for. This is just the beginning of our journey in making clean and efficient transportation accessible to everyone.\u201d&nbsp;<\/p><h2 class=\"wp-block-heading has-medium-font-size\"><strong>Financials&nbsp;<\/strong><\/h2><p>For the quarter ending June 2024, RattanIndia Enterprises Limited reported a remarkable net profit of Rs.851 crore, marking a dramatic <strong>378 percent increase <\/strong>from Rs.178 crore in Q1 FY24. Revenue from operations soared to Rs.2,494 crore, reflecting a substantial 96.68 percent rise from Rs.1,268 crore in the same period.<\/p><div class=\"trade-content-10\" id=\"trade-4251836069\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_3_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"2969612066\"\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><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Also Read: <a href=\"https:\/\/tradebrains.in\/features\/blue-chip-stocks-with-strong-capex-and-capacity-expansion-plans-for-fy25-to-add-to-your-watchlist\/\" target=\"_blank\" rel=\"noreferrer noopener\">Blue chip stocks with strong capex and capacity expansion plans for FY25 to add to your watchlist<\/a>\u00a0<\/strong><\/p><\/blockquote><h2 class=\"wp-block-heading has-medium-font-size\"><strong>About the company&nbsp;<\/strong><\/h2><p>RattanIndia Enterprises Limited, a key growth driver for the RattanIndia Group, is at the forefront of new-age industries.&nbsp;<\/p><p>By focusing on innovative technologies, it is transforming sectors such as Electric Mobility (Revolt Motors), E-commerce (Cocoblu Retail), Fashion (Neo Brands), Fintech (WeFin), and Drones (Neosky), aiming to make a positive impact on millions of lives in India.&nbsp;<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written by &#8211; Siddesh S Raskar\u00a0<\/strong><\/p><\/blockquote><h4 class=\"wp-block-heading has-medium-font-size\" id=\"h-disclaimer\"><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 <a href=\"http:\/\/tradebrains.in\/\">tradebrains.in<\/a> 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-3872213562\"><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>Shares of this small-cap company, which specializes in e-commerce, electric vehicles, and drones, soared 5 percent following its Sri Lankan market entry with the launch of its inaugural electric bikes.&nbsp; Share Price Movement&nbsp; In Monday&#8217;s trading session, RattanIndia Enterprises Ltd&#8216;s share price jumped 4.86 percent to an intra-day high of Rs.83.9, up from its previous [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":131033,"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":[2960,2980,13886,6185,6184,948,936,3157],"class_list":["post-133595","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-ev-stock","tag-rattanindia-enterprises","tag-rattanindia-enterprises-latest-news","tag-rattanindia-enterprises-limited-latest-news","tag-rattanindia-enterprises-limited-share-price","tag-stock-market","tag-stock-market-news","tag-stock-to-watch"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - 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