Wardwizard Innovations share price hits upper circuit at ₹62.71, surges 20 per cent. Here's Why
₹62.71 up 20 per cent as soon as the market opened on June 10, at 9:15 am on BSE.Wardwizard Innovations is an electric vehicle (EV) manufacturing company with a market capitalisation of ₹1800 crore, according to the company's website. The EV maker is listed on BSE.
The company is still around 27 per cent down from its 52-week high of ₹86.50, as per BSE.Also Read | Canara Bank share price Today Live Updates : Canara Bank Stock Sees Positive Trading Trend TodayWardwizard Innovations share price movement followed the company's recent announcement on June 7 about securing a substantial order worth USD 1.29 billion (approximately ₹10,768 crore) from Beulah International Development Corporation, a Philippines-based firm. Wardwizard will supply electric two-wheelers and three-wheelers in both commercial and passenger segments as part of this deal.
Additionally, the company will also develop four-wheeler commercial vehicles for the Philippine market.Also Read | Mazagon Dock Shipbuilders share price Today Live Updates : Mazagon Dock Shipbuilders Stocks Plunge in Trading Today"India is becoming a hub of electric mobility for the global market, and such collaborations are a testament to our efforts in this direction," stated Wardwizard Innovations Mobility Chairman & Managing Director Yatin Gupte, as quoted by PTI.Also Read | IRCON share price Today Live Updates : IRCON stock sees gains in trading todayThis partnership supports the Philippine Government's Public Utility Vehicle Modernisation Programme (PUVMP), led by the Department of Transportation. The initiative aims to enhance the daily transportation service by replacing outdated petrol and diesel vehicles with modern electric alternatives, the report added."Besides changing
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