Up 1,258% in 4 months! This electric utility stock sheds its 'penny' status

RattanIndia Enterprises announced that Domino's has joined hands with the company's Revolt Motors, to transform its current petrol bike fleet to electric bikes

stock market, funds, profit, growth

SI Reporter Mumbai
Shares of RattanIndia Enterprises hit a record high of Rs 70.50, up 5 per cent on the BSE in intra-day trade on Tuesday on the back of heavy volumes. The stock of the electric utility company was quoting higher for the eleventh straight trading day, having surged 68 per cent during the period.

In the past four months, the stock has zoomed 1,258 per cent from level of Rs 5.19 as compared to an 8 per cent rise in the S&P BSE Sensex. At 10:41 am, it was trading 4 per cent higher at Rs 69.90, against a 0.22 per cent gain in the benchmark index. A combined 2.15 million equity shares had changed hands on the counter on the

First Published: Jul 27 2021 | 11:16 AM IST

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