The stock delivered a multibagger return of over 100 per cent from its 52-week low price of Rs 170.25 per share.
The Indian electric vehicle (EV) market is experiencing tremendous growth, with sales nearly doubling last year and expected to grow by 66% this year. To meet the growing need for a seamless charging experience, Hubject, the world’s leading EV interoperability platform, has partnered with EXICOM TELE-SYSTEMS LTD. India's largest EV charger manufacturer. This collaboration aims to revolutionize EV charging in India through several key initiatives.
First, Hubject will introduce its interchange platform to the Indian market. This user-friendly platform will allow EV drivers to easily find charging stations, access them, and pay for charging services – all through a single interface. No more taking multiple subscriptions or dealing with different payment systems! It streamlines the entire process, making EV charging as convenient as using your mobile phone on different networks. Imagine simply plugging in your car and charging it with ease, just like filling up a gas tank.
Second, the partnership focuses on implementing Hubject’s Plug and Charge platform in India. This next-generation technology completely eliminates the need for an app or RFID card. By creating a regional hub for Plug and Charge, Exicom and Hubject will enable fully automated charging. It works like this: EV drivers will be able to plug their vehicles into compatible charging stations and start charging immediately. Automated EV-to-charging station certification takes care of everything behind the scenes, making the process completely seamless and hassle-free. Additionally, this collaboration aims to establish India as a leader in Plug and Charge technology by developing the first regional standard for this system.
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About HObject
A pioneer in electric vehicle charging, Hubject takes the hassle out of powering your electric car. Their e-roaming platform acts as a universal adapter, connecting different manufacturers, charging stations and service providers into one vast network. This means you can easily access over 725,000 charging points in 63 countries, no matter what brand of car you drive or what company operates the stations. Hubject doesn't just provide access, they are experts in the eMobility space, advising businesses on launching new EV services and implementing safe charging technology. Founded by industry leaders, Hubject is a one-stop shop for all your electric vehicle charging needs, working towards a greener future, one charging mile at a time.
About Exicom Tele-Systems Limited
Exicom, a leading Indian manufacturer of EV charging and critical power solutions, is leading the country towards sustainable transportation. They offer a wide range of AC and DC chargers for homes, workplaces and public spaces, all known for their durability in various climates. Beyond EVs, Exicom’s critical power solutions ensure the uninterrupted operation of communication networks by providing reliable backup power for telecom infrastructure. Their expertise spans across India, Southeast Asia, Europe and the Middle East, with over 70,000 chargers installed globally, cementing their position at the forefront of the global EV charging revolution.
Today, shares of Exicom Tele-Systems Limited gained 6.77 per cent to Rs 351.65 per share as against its intraday high of Rs 361.60 and intraday low of Rs 324.25, lower than its previous closing of Rs 329.35. The stock also made a new 52-week high of Rs 361.60 per share. The market cap of the company is over Rs 4,200 crore. The company's shares have a ROE of 17 per cent and ROCE of 25 per cent. The stock gave a return of Rs 1,000 crore. multibagger Over 100 per cent return from 52-week low of Rs 170.25 per share. Investors should keep an eye on this Small cap store.
Disclaimer: This article is for informational purposes only and not investment advice.
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