This share of ₹ 106 has come down to ₹ 6, now there is a rush to buy it, it is the effect of a deal
The company has said that an MoU has been signed between its subsidiary Zikon International Limited and Wardwizard Innovation and Mobility Limited.
Penny Stock: Shares of penny stock Kaiser Corporation (kaiser corporation ltd) priced less than ₹ 10 saw a strong rise today on Tuesday. The company’s shares had climbed up to 5% to Rs 6.63 today. There is news of a deal behind this rise in shares. Actually, Kaiser Corporation informed the Bombay Stock Exchange or BSE after the market closed on Monday 19 May 2025 that one of its subsidiaries has signed an MoU or Memorandum of Understanding. Kaiser Corporation said that an MoU has been signed between Zikon International Limited, a subsidiary of Kaiser Corporation Limited, and Wardwizard Innovation and Mobility Limited. What is the detail
As per Kaiser Corporation MoU detail in the press release on exchanges, Kaiser Corporation said that it is pleased to announce that its subsidiary, Zicon International Limited has entered into a Memorandum of Understanding (MoU) with WardWizard Innovation and Mobility Limited, a leading manufacturer in the electric vehicle (EV) sector. Under the terms of the MoU, Zicon International Limited will lease 7,500 electric scooters from WardWizard during FY 2025-2026 and FY 2026-2027. These vehicles are to be leased to various logistics and last-mile delivery partners in Mumbai, Pune and Ahmedabad, supporting the ongoing shift towards sustainable transportation solutions. During the lease, the Kaiser Corporation subsidiary is expected to see a steady increase in revenue of approximately ₹300 million (₹30 crores) thanks to this strategic move. Kaiser Corporation Share Status
On Tuesday, the share price of Kaiser Corporation opened at ₹ 6.60 on the BSE and at the time of opening, the share price of Kaiser Corporation was already 4% higher than the previous day’s closing price of ₹ 6.33. After this, the share price of Kaiser Corporation reached an intraday high of ₹ 6.64. Which shows an increase of about 5%. Let us tell you that on May 6, 2022, the price of this share was Rs 106. That is, since then it has seen a decline of up to 95%.
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