Mercury Metals, A Penny Stock Turns Multibagger To Give Astounding Return Of 1597.83%

The share price of Mercury Metals Limited has rallied massively in one year to become a multibagger. The stock surged from Rs 0.93 per share to Rs 15.62 per share within a year. If you had invested in this stock a year ago, you would had earned astounding return of 1597.83%.

Mercury Metals Limited, is a small medium enterprise (SME) incorporated in July 1986. It has changed its name to Mercury Ev-Tech Limited, intimated through an exchange filing on March 31, 2023. The SME is pioneer in the manufacturing of Electric Scooter, Electric Car, Electric Bus, Electric Vintage car, Electric Golf Car and Electric Vehicles in India.

The company develops custom electric vehicles for a wide range of applications for the hospitality, industry, golf courses, Club and Resorts etc. It has a market capitalisation of Rs 260.65 crore and is listed only on BSE Sensex. The company posted a total revenue of Rs 2.01crore and net profit of Rs 0.31 crore for December 2022 quarter.

Share price movement of Mercury Metals Limited (Mercury Ev-Tech Limited)
The last closing price of the stock of Mercury Metals Limited is Rs 15.62 per share, it was up by 4.97% over previous day's closing. Its 52-week high is at Rs 23.35 per share and 52-week low is at 0.93 per share. The stock price is down by 33.1% from its 52-week high but surged by 1597.83% from its 52-week low and over a year. Also it is noteworthy to see that the share price has surged by 176.46% in last 6 months.