RattanIndia shares decline 1.8% as profit booking sets in after Revolt Motors expansion
RattanIndia Enterprises shares traded lower at ₹63.76, down 1.17 points or 1.80 per cent on the NSE as of 12:20 PM on Tuesday, following what appears to be profit booking after the company announced its electric motorcycle subsidiary’s expansion in Sri Lanka last Friday.
The stock opened higher at ₹65.21 against the previous close of ₹64.93 and touched an intraday high of ₹65.48 before declining to a low of ₹63.25. The movement suggests initial investor enthusiasm followed by profit taking.
On June 27, Revolt Motors announced the launch of two new electric motorcycle models, RV1 and RV1+, in Sri Lanka through its distributor Evolution Auto at the EV Motor Show Colombo 2025.
This marked the second phase of expansion in the Sri Lankan market, following the successful rollout of RV400 and BRZ models in November 2024.
The expansion aligns with Revolt Motors’ strategy to strengthen its international presence, particularly in South Asian markets. Revolt Motors, positioned as India’s leading electric motorcycle brand, is a key subsidiary of RattanIndia Enterprises, which has a market capitalization of approximately ₹7,000 crore and features in the Fortune 500 India list.
The stock’s cooling off today reflects typical market behavior where positive news triggers initial buying interest, followed by profit booking as traders cash in on gains.
Published on July 1, 2025
