Wardwizard’s Stock Success: 100% Rally and Stellar 3rd Quarter Results

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Wardwizard’s Stock Soars: 3rd Quarter Success and a Remarkable 100% Rally in 3 Months


Explore the journey of Wardwizard Innovations & Mobility Ltd, a rising star in the automobile sector. Learn about the company's impressive market performance and excellent quarterly results.

Introduction


Wardwizard Innovations & Mobility Ltd, a company that has made its mark in the automobile sector, is gaining attention in the stock market. The company, which specializes in manufacturing and supplying two-wheelers and three-wheelers, has seen a significant rise in its stock due to excellent launches and impressive quarterly results.

Wardwizard Company Overview


Founded on 20 October 1982 as Maan Vijay Development Limited, the company underwent a rebranding on 9 June 2020 and emerged as Wardwizard Innovations & Mobility Ltd. The company's primary focus is on electric vehicles, specifically two-wheelers and three-wheelers. In addition to manufacturing vehicles, Wardwizard also produces spare parts and provides service. The company's Joy e-bike has gained popularity, and it offers various brands and new versions.

Wardwizard Impressive Market Performance


Wardwizard has demonstrated remarkable growth in the stock market. The company's explosive bike sales in December 2023 led to a surge in its stock. The company has seen returns of 115% in the last six months, 100% returns in the last three months, and 100% returns in the last month. Since 2017, the company has given returns of 50% to its investors.

The current total market cap of the company stands at Rs 2,116 crores. Wardwizard has a debt of Rs 12 crores and free cash of Rs 11 crores. The promoters' holding of the company is recorded at 70.45%. The company's dividend yield is 0.12%, the sales growth is 29%, and the profit growth is 11%.

Wardwizard Excellent Third Quarter Results


Wardwizard's third quarter results have been impressive. The company achieved a net profit of Rs 5.71 crore on net sales of Rs 106.29 crore. In September 2023, the company achieved a net profit of Rs 45.11 crore. In comparison, in December 2022, the company had achieved a net profit of Rs 3.43 crores on net sales of 69.83 crores. This indicates that the company has made significant gains in the current results.

Conclusion Wardwizard Shares Skyrocket: Celebrating Excellent 3rd Quarter Results and a 100% Rally”


Wardwizard Innovations & Mobility Ltd has proven to be a strong player in the automobile sector. With its focus on electric vehicles and impressive market performance, the company is poised for continued growth. Investors should keep a close eye on this rising star.

Disclaimer


This blog post is for informational purposes only and should not be taken as investment advice. Always conduct your own research or consult with a professional before making investment decisions.

Keywords: Wardwizard Innovations & Mobility Ltd, Automobile Sector, Two-Wheelers, Three-Wheelers, Stock Market, Quarterly Results, Electric Vehicles, Joy e-bike, Market Performance, Investment.

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