DSIJ Mindshare

2,500 per cent returns in this multibagger stock: Micro-cap company looks to capitalize on growing EV demand!
Kiran Shroff
/ Categories: Trending, Mindshare

2,500 per cent returns in this multibagger stock: Micro-cap company looks to capitalize on growing EV demand!

The company received ISO 9001:2015 Quality Management Systems (QMS) certification for manufacturing and exporting of various batteries.

On Wednesday, shares of Mercury EV-Tech Limited jumped 5 per cent to Rs 25.03 per share, hitting the upper circuit, from its previous closing of Rs 23.84. The stock also reached a new 52-week high of Rs 25.03 per share.

Mercury EV-Tech Limited, engaged in the development of innovative and advanced electric mobility solutions in India, plans to manufacture a wide range of electric vehicles, including 2W (Low Speed), 2W (High Speed), 3W (Low Speed-Passenger), 3W (Low Speed-Loader), 3W (High Speed-Passenger), 3W (High Speed-Loader), 4W (High-Speed Loader), 12-seater off-road Bus, and 56-seater bus. The company is already manufacturing 2W and 3W lithium-ion batteries for industry leaders through its subsidiary, PowerMetz Energy Private Limited.

The company has received an open order worth Rs 110 crore for the supply of lithium-ion batteries from one of the leading 2W EV manufacturers in India, which is expected to be a game changer for the industry in the future. Recently, the company announced that it has received an L3 license for 3W passengers and 3W loaders.

Recently, Mercury EV-Tech Limited, through its 80 per cent owned subsidiary Powermetz Energy Private Limited, received ISO 9001:2015 Quality Management Systems accreditation for its activities as a manufacturer and exporter of various grades of battery packs, such as Lithium-ion, LiFePO4, LFP, and other Advanced Chemistry Battery Packs.

DSIJ offers a service 'PAS' which provides stock recommendations that have the potential to generate excellent returns on your portfolio. If this interests you, then do download the service details pdf here

Mercury EV-Tech Ltd, formerly known as Mercury Metals Limited, is involved in the manufacturing of electric scooters, electric cars, electric buses, electric vintage cars, electric golf cars, and electric vehicles in India.

The stock has provided multibagger returns of 202 per cent in just 6 months and over 2,000 per cent in 1 year. Investors should keep an eye on this micro-cap stock.

Previous Article Heavy buying witnessed: Vijay Kedia's multibagger penny stock strikes gold to make a new 52-week high!
Next Article 7,350 MW Projects: This multibagger Mini Ratna power company signs MoU with Government of Maharashtra!
Print
10180 Rate this article:
3.8
Please login or register to post comments.
DALAL STREET INVESTMENT JOURNAL - DEMOCRATIZING WEALTH CREATION

Principal Officer: Mr. Shashikant Singh,
Email: principalofficer@dsij.in
Tel: (+91)-20-66663800

Compliance Officer: Mr. Rajesh Padode
Email: complianceofficer@dsij.in
Tel: (+91)-20-66663800

Grievance Officer: Mr. Rajesh Padode
Email: service@dsij.in
Tel: (+91)-20-66663800

Corresponding SEBI regional/local office address- SEBI Bhavan BKC, Plot No.C4-A, 'G' Block, Bandra-Kurla Complex, Bandra (East), Mumbai - 400051, Maharashtra.
Tel: +91-22-26449000 / 40459000 | Fax : +91-22-26449019-22 / 40459019-22 | E-mail : sebi@sebi.gov.in | Toll Free Investor Helpline: 1800 22 7575 | SEBI SCORES | SMARTODR