Heavy buying: Back-to-back upper circuit in this small-cap multibagger stock; hits fresh 52-week high!

In Q4FY23, the company reported an 1896 per cent increase in net sales YoY.

Shares of Mercury Ev-Tech Limited were locked in the upper circuit on Monday, gaining 5.00 per cent. In the last five trading sessions, the stock has gained about 20 per cent. On Monday, the stock also made a fresh 52-week high at Rs 28.94.

The company posted brilliant Quarterly Results. The revenue of the company for Q4FY23 stood at Rs 6.99 crore which grew by 1896.57 per cent YoY. The operating profit of the company stood at Rs 0.18 crore, while the PAT of the company stood at Rs 0.30 crore, representing an impressive growth of 9.59 per cent YoY.   

Mercury Ev-Tech Limited has also delivered multibagger returns to its shareholders. During this period, the company’s share price jumped from Rs 0.98 on June 20, 2022, to Rs 28.94 on June 12, 2023, an increase of about 2865 per cent in one year holding period.   

Mercury Metals Limited is engaged in the business of manufacturing 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.

The stock has shown tremendous growth, and investors should keep a close eye on this stock.