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EV stock jumps 3% after it partners with Ampvolts Ltd to develop advanced EV charging infrastructure in India and abroad

EV stock partners with Ampvolts Limited to globally boost electric vehicle charging infrastructure, leveraging advanced technology to promote sustainable transport solutions and enhance environmental sustainability.
EV stock and Ampvolts Limited partner to boost global EV charging, promoting sustainable transport solutions.
EV stock and Ampvolts Limited partner to boost global EV charging, promoting sustainable transport solutions.

Introduction:

EV stock partnered with Ampvolts Limited to enhance global electric vehicle charging networks, integrating advanced technology with eco-friendly transportation solutions to meet rising demand and promote sustainable practices.

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Share Price movement of Wardwizard Innovations & Mobility Ltd:

On November 25, 2024, Wardwizard Innovations & Mobility Limited’s stock opened and closed at ₹43.20, reaching a high of ₹44.57, a 3% increase from the previous close of ₹42.90. This positive market response pushed the company’s market cap to ₹1131.41 crore.

Wardwizard Innovations & Mobility Ltd share price rise after its new partnership:

Wardwizard Innovations & Mobility Limited announced a strategic partnership with Ampvolts Limited to enhance electric vehicle (EV) charging infrastructure across India and globally. This collaboration aims to integrate Ampvolts’ innovative technology with Wardwizard’s expertise in green mobility solutions.

Together, they plan to deploy advanced charging stations at strategic locations to support the growing demand for electric vehicles. Wardwizard will oversee the identification and development of these sites, ensuring optimal accessibility for EV users.

This initiative represents a significant step towards sustainable transportation, combining technological advancements with eco-friendly practices. The partnership aligns with both companies’ commitment to reducing carbon footprints and promoting environmental sustainability.

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Recent news about Wardwizard Innovations & Mobility Ltd:

On November 18, 2024, Wardwizard Innovations & Mobility Limited teamed up with SpeedForce to boost after-sales services for Joy e-bike customers across India, enhancing accessibility and satisfaction through exclusive retailing and an expanded service network.

Stock performance of Wardwizard Innovations & Mobility Ltd for Period of 1 week, 6 months and 1 year:

Over the past week, Wardwizard Innovations & Mobility Limited’s stock dipped slightly by 0.33%. Over the last six months, the stock has decreased by 11.5%, and over the past year, it has seen a decline of 17.4%, indicating a challenging period for the company’s stock performance.

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Shareholding pattern of Wardwizard Innovations & Mobility Ltd:

SummarySep-24Jun-24Mar-24
Promoter 54.50%58.60%67.50%
FII0%0.00%0.00%
DII 0.00%0.00%0.10%
Public45.50%41.40%32.40%
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About Wardwizard Innovations & Mobility Ltd:

Wardwizard Innovations & Mobility Ltd specializes in manufacturing electric vehicles (EVs) and related components. The company is committed to advancing eco-friendly transportation solutions, aiming to reduce carbon footprints and promote sustainable mobility practices through innovative technology and strategic partnerships.

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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.

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