Wardwizard on right way!
Three days ago, EV maker, Wardwizard Innovations & Mobility Ltd (WIML) secured a big order worth $1.29 billion from Beulah International Development Corporation of the Philippines.
WIML will deliver products from its existing portfolio, including electric two-wheelers, and three-wheelers in the commercial and passenger vehicles segment and develop four-wheelers for commercial vehicles for the Philippines markets.
This order is part of a strategic collaboration, formalised through a memorandum of understanding (MoU), to revolutionise the public transportation system in the Philippines with electric vehicles.
WIML is the manufacturer of electric vehicles under the Joy e-bike and Joy e-rik brands in India. Its products for Philippines includes electric 2W Scooters, and develop 3W e-Trike (D+10), e-Trike (D+3 Passenger), e-Trike (D+5), e-Trike Cargo, Electric Mini Truck (1.5 Ton) and Golf Carts
(6 & 14 seater).
The stock, which had hit the LC of Rs.46.80 on 4th June, today is frozen at the 20% UC of the day at Rs.62.71. Its 52-week high is at Rs.86.50.