Exicom Tele-Systems Limited, a major player in the EV charging and critical power solutions sector, has caught the market’s attention. On January 8, 2025, the company’s stock opened at ₹248.30, a rise of 4.17% from its previous close of ₹238.35. The EV stock hit an upper circuit of 5% by reaching a high of ₹250.25 during early trade. This movement reflects growing optimism following the announcement of a key partnership and order.
Big Partnership for EV Charging Expansion
Exicom Tele-Systems Limited has signed a Memorandum of Understanding (MoU) with Mufin Green Infra Limited to develop EV charging infrastructure across India. This collaboration aims to provide end-to-end EV charging solutions, including the supply of advanced chargers, installation, and operational services. The focus is on creating efficient, future-ready EV charging stations to meet the increasing demand for electric vehicles.
Under the partnership:
- Exicom will manufacture EV chargers equipped with proprietary software to ensure high performance and scalability.
- Mufin Green Infra will handle the installation and operation of the charging stations, offering bundled solutions to meet diverse customer needs.
Together, these companies aim to accelerate EV adoption in India by offering innovative solutions to Charge Point Operators, bus operators, state utilities, and other key stakeholders. Joint marketing efforts will help promote their offerings and drive business growth in the fast-growing Indian EV market.
Stock Performance
Exicom’s stock showed a strong performance on January 8, 2025, hitting the 5% upper circuit at ₹250.25, with a market capitalization of ₹3,023.63 crore. However, the stock has faced challenges over the past:
- 1 week: A decline of 5.28%
- 1 month: A drop of 15.8%
- 6 months: A significant fall of 46.5%
Despite recent declines, the stock’s upward movement today reflects positive market sentiment driven by the latest developments.
About Exicom
Exicom Tele-Systems Limited (NSE: EXICOM) is a leading Indian technology company specializing in EV charging and critical power solutions. The company plays a key role in India’s transition to sustainable transport by manufacturing reliable chargers and ensuring seamless telecom infrastructure. With a global presence spanning India, Southeast Asia, Europe, and the Middle East, Exicom is well-positioned to drive growth in the EV sector.
Why This Partnership Matters
This partnership between Exicom and Mufin Green Infra is expected to:
- Expand EV charging infrastructure across India.
- Encourage faster EV adoption by providing advanced and efficient charging solutions.
- Strengthen Exicom’s position in the EV sector, paving the way for future growth.
Investors are hopeful that such initiatives will improve Exicom’s financial performance and help it recover from recent stock declines.
Conclusion
Exicom’s stock surge today highlights growing confidence in its future. With a strong partnership and ambitious plans for EV infrastructure, the company is on track to play a significant role in India’s EV revolution. For investors, this may be a good time to explore the potential of Exicom as a long-term growth opportunity.
Ready to invest? Sign up on Angel One for expert insights and real-time updates.
Exicom Tele-Systems Limited Stock
EV stock below Rs 500