Micro-cap Marvel: Stock below Rs 20 with an astounding 1,875 per cent returns; do you own it?

In the broader market, BSE Mid-cap Index is up by 0.33 per cent and BSE Small-cap Index is up by 0.63 per cent.   

Today, benchmark indices were trading flat. BSE Sensex Index is up by 0.04 per cent at Rs 61,967. In the broader market, BSE Mid-Cap Index is up by 0.33 per cent and BSE Small-Cap Index is up by 0.63 per cent.   

Shares of Mercury EV-Tech Ltd zoomed 1.87 per cent to an intraday high of Rs 19.59 per share from its previous closing of Rs 19.23. The stock has a 52-week high of Rs 23.35 and a 52-week low of Rs 0.98. At 02:00 pm, shares of the company are trading in the green, up 0.62 per cent to Rs 19.35 per share.

Recently, the company received an order for developing innovative and advanced electric mobility solutions in India. Powermetz Energy Private Limited, a subsidiary of Mercury EV-Tech Limited received an open order worth Rs 110 crore for the supply of E2W batteries to one of the leading 2W EV manufacturers in India.  

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Mercury EV-Tech Ltd formally known as Mercury Metals Limited is into manufacturing of electric scooters, electric cars, electric buses, electric vintage cars, electric golf cars and electric vehicles in India. The shares of the company saw a spurt in volume by more than 1.50 times on BSE.  

The company has a market cap of Rs 323 crore with a 3-year CAGR of 280 per cent. The company reported amazing numbers in its Quarterly Results and annual results. In Q3FY23, the company reported net sales of Rs 4.30 crore and a net profit of Rs 1.02 crore. The net sales rose by 3 per cent and net profit skyrocketed 125 per cent in FY22 over FY21.  

The stock gave multibagger returns of 217 per cent in just 6 months and over 1,875 per cent in 1 year. Investors should keep an eye on this micro-cap stock.