Wardwizard Group Expands it's presence in Eastern India

Wardwizard Innovation & Mobility Ltd (BSE: 538970) announced its expansion in eastern geography of India. With the brand Joy E bikes & Vyom Innovations already recognised & successful in western parts of India. it was a matter of time to announce the expansion. The company will cater to the growing public demand of the states like West Bengal, Uttar Pradesh. Bihar and Assam of eco-friendly bikes and home appliances.

In the previous month, Joy E-Bike received the honour of being dubbed as one of the best brands of the year 2020 by Economic Times. This was majorly due to the brand's extensive rise in popularity and the rapidly growing number of joyful customers who are extremely happy with their e-bikes. On the other hand, Mr. Yatin Gupte (MD & CEO) has been recognised as Asia's Most Promising CEO at the Asian Business Conclave 2020, by Economic Times. Earlier this year, Mr. Yatin Gupte was also recognised as one of "India's Game Changer" by Forbes magazine. 2020 for Wardwizard Group was indeed a year of celebrations!

Commenting on the development Mr. Yatin Gupte (MD &CEO) stated "With the good amount of market share and good customer feedback in western India, we hope to have a good start and flourish ourselves in eastern region as well. We have already laid out a vision of empowering 3500+ entrepreneurs in 2021-2022, expansion to Eastern parts of India is just a beginning. We are now all set and excited to expand our two brands Joy E bike and Vyom innovations in the regions of West Bengal, Uttar Pradesh & Bihar. We believe it will be a huge market for our products."

Shares of Wardwizard Innovation & Mobility Ltd (formerly Manvijay Development Company Ltd) was last trading in BSE at Rs.470 as compared to the previous close of Rs. 448.8. The total number of shares traded during the day was 167 in over 12 trades.

The stock hit an intraday high of Rs. 470 and intraday low of 426.4. The net turnover during the day was Rs. 76724.

Source : Equity Bulls

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