SRIVARU Holding shares are trading higher after the company announced the formal launch of the PRANA 2.0 electric motorcycle at a major event in Chennai, India. Also, the company said it aims to increase production capacity to nearly 10,000 units per month by the end of 2024
Portfolio Pulse from Benzinga Newsdesk
SRIVARU Holding shares rise following the launch of the PRANA 2.0 electric motorcycle in Chennai, India. The company plans to boost production capacity to 10,000 units per month by the end of 2024.
August 22, 2024 | 12:35 pm
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POSITIVE IMPACT
SRIVARU Holding's stock is trading higher after the launch of the PRANA 2.0 electric motorcycle. The company plans to expand production significantly by the end of 2024.
The launch of a new product, PRANA 2.0, and plans to increase production capacity are positive indicators for SRIVARU Holding, likely boosting investor confidence and driving the stock price up.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100