Wardwizard Innovations share price hits upper circuit after bagging $1.29 bn contract from Beulah International

As soon as the market opened on June 10 at 9:15 am on BSE, the share price of Wardwizard Innovations & Mobility Limited set a new upper circuit at ₹62.71, up 20%.

As per the company website, Wardwizard Innovations is an electric vehicle (EV) company with a market capitalization of ₹1800 crore. The EV maker is listed on BSE. According to BSE, the company is still down almost 27% from its 52-week high of ₹86.50.

The share price increase for Wardwizard Innovations was a result of the company’s announcement on June 7th regarding receiving a significant order from Beulah International Development Corporation, a Philippines-based corporation, valued at USD 1.29 billion (about ₹10,768 crore). As part of this agreement, Wardwizard will provide electric two- and three-wheelers for both the commercial and passenger segments. The company will also create four-wheeler commercial cars specifically for the Philippine market.

“India is becoming a hub of electric mobility for the global market, and such collaborations are a testament to our efforts in this direction,” Wardwizard Innovations Mobility Chairman & Managing Director Yatin Gupte said, as reported by PTI.


Disclaimer: The information provided in this article is for informational purposes only and should not be considered as financial advice. The data and figures presented are based on publicly available information and may be subject to change. Before making any investment decisions, it is recommended to conduct thorough research, consult with financial advisors, and consider your individual investment goals and risk tolerance. The author and publisher of this article do not assume any responsibility for any investment decisions made based on the information provided.