Introduction:
India’s leading electric motorcycle manufacturer has made its debut in Sri Lanka with the launch of its flagship models, marking a significant step in the country’s push for sustainable and innovative transportation solutions through cleaner, greener alternatives.
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Share price movement of RattanIndia Enterprises:
On November 28, 2024, RattanIndia Enterprises Ltd opened at ₹64.88, up 1.46% from its previous close of ₹63.95. The stock reached a high of ₹67.47 (5.49%) and a low of ₹64.30. By 10:37 AM, it traded at ₹65.56, a 2.52% increase, with a market cap of ₹9,062.16 crore.
Revolt Motors expands in Sri Lanka:
Revolt Motors, India’s largest electric motorcycle company, has launched its flagship models, the RV400 and RV400 BRZ, in Sri Lanka. The launch event took place at Water’s Edge, marking a major milestone for the country’s sustainable transportation efforts.
The debut of Revolt Motors in Sri Lanka is a significant step toward promoting greener and more innovative transportation solutions. The company aims to transform the local market with electric motorcycles, helping reduce emissions and promote clean energy alternatives.
With its first dealership now operational on Maradana Road in Colombo, Revolt Motors plans to expand by opening additional dealerships in 11 key locations across Sri Lanka, including Kurunegala, Madurankuliya, and Matara, among others.
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Recent news on RattanIndia Enterprises:
As of 21 Nov 2024, RattanIndia Enterprises’ electric motorcycle brand, Revolt Motors, has expanded its dealership network to 153 locations. The company plans to open 14 more dealerships across various cities in India by the end of November.
Stock performance of RattanIndia Enterprises for Period of 1 week, 6 months and 1 year:
RattanIndia Enterprises has shown a 3.97% return over the past week. However, its performance has declined with a -12.3% return over the last six months and a -16.4% return over the past year, indicating a challenging period.
Shareholding pattern of RattanIndia Enterprises:
| All values in % | Sep 2024 | Jun 2024 | Mar 2024 |
| Promoter | 74.90% | 74.90% | 74.90% |
| FII | 4.80% | 8.40% | 8.30% |
| DII | 0.10% | 0.10% | 0.10% |
| Public | 20.10% | 16.60% | 16.70% |
| Others | 0.10% | 0.10% | 0.10% |
About RattanIndia Enterprises:
RattanIndia Enterprises Ltd (NSE: RTNINDIA) is an Indian company focusing on electric vehicles, renewable energy, and digital infrastructure. It operates through its subsidiaries, including Revolt Motors, aiming to transform transportation and energy solutions in India.
Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.
