RACL Geartech Ltd saw its shares soar 15% after the company announced a strategic partnership with BMW AG for e-mobility components.
This collaboration aligns with the global shift towards sustainable transportation and is expected to generate a lifetime revenue of ₹520 crore, with peak annual revenue reaching ₹130 crore by 2029.
The partnership strengthens RACL Geartech’s position as a key player in the e-mobility sector, enhancing its long-term growth potential. Investors responded positively, driving the stock to a new 52-week high of ₹999.
As of 2:19 pm, RACL Geartech shares were trading 11.91% higher at Rs 944.80 on the NSE.
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