4,275 per cent returns & 52-week high alert: This multibagger monopoly green financing company acquires 20 per cent stake in UrjaMobility – Details inside!

The stock gave multibagger returns of 360 per cent in just 1 year and a whopping 4,275 per cent in 3 years.

Mufin Green Finance, a monopoly green financing company, has made a major move to electrify the mobility sector! They've partnered with UrjaMobility by acquiring a 20 per cent stake, focusing on revolutionary Li-Ion batteries that are game-changers for fintech platforms. These advanced batteries not only boast over 2,000 charging cycles and 4-year lifespans, but also give fintech unparalleled control through features like IoT connectivity, thermal analytics, and even remote immobilization.

This isn't just about tech; it's about impact. The E-Rickshaw market is booming at 15 per cent annually, already reaching 6,00,000 units a year and is projected to cross 1 million by 2030. This partnership aims to empower individuals from diverse backgrounds by fuelling this green growth – a win for the environment and sustainable livelihoods.

In a bid to revolutionize the E-Rickshaw market and accelerate the electric mobility transition, UrjaMobility and Mufin Green Finance have joined forces. UrjaMobility's innovative Battery-as-a-Service (BaaS) model tackles a critical pain point: replacing expensive Lithium-ion batteries in the existing 3 million E-Rickshaws. By offering affordable monthly leases instead of upfront costs, they ease the financial burden on drivers, especially those replacing Lead-acid batteries.

This partnership aims to deploy 10,000 batteries initially, impacting countless lives and paving the way for a 100 per cent electric two-wheeler market by 2030. The potential extends beyond E-Rickshaws, as the rapidly growing last-mile delivery sector, with its 5 million gig workers, also stands to benefit from UrjaMobility's BaaS model. This strategic alliance is not just about replacing batteries; it's about empowering drivers, boosting the EV ecosystem, and shaping a greener future for sustainable mobility.

Mufin Green Finance Limited operates as an investment firm. The company offers investment advisory, asset management, capital preservation, and financial planning services. The company has a market capitalization of over Rs 2,000 crore and has delivered good profit growth of 150 per cent CAGR over the last 5 years.

Quarterly Results: The net sales increased by 221 per cent to Rs 21.13 crore, operating profit increased by 296 per cent to Rs 14.27 crore and net profit increased by 98 per cent to Rs 4.01 crore in Q2FY24 compared to Q2FY23.

Half-yearly Results: The net sales increased by 254 per cent to Rs 38.65 crore, operating profit increased by 351 per cent to Rs 25.29 crore and net profit increased by 135 per cent to Rs 7.46 crore in H1FY24 compared to H1FY23.

Today, the shares of the company plunged 2.64 per cent to Rs 175.45 per share with an intraday high of Rs 184.05 and an intraday low of Rs 171.02. The shares of the company also made a new 52-week high of Rs 184.05 per share. The stock gave multibagger returns of 360 per cent in just 1 year and a whopping 4,275 per cent in 3 years. Investors should keep an eye on this micro-cap stock.

Disclaimer: The article is for informational purposes only and not investment advice.