Multibagger stock under Rs 25: This micro-cap company secured a major order worth Rs 1,100 million!

The stock gave multibagger returns of 275 per cent in just 6 months and over 2,000 per cent in 1 year.

Mercury EV-Tech Limited (formerly known as Mercury Metals Limited) is engaged in 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 1,100 million for the supply of E2W batteries to one of the leading 2W EV manufacturers in India. 

Today, shares of Mercury EV-Tech surged 5 per cent upper circuit to Rs 21.38 per share from its previous closing of Rs 20.37. The stock has a 52-week high of Rs 23.35 and a 52-week low of Rs 0.98. 

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 2.37 times on BSE. 

The company has a market cap of Rs 350 crore with a 3-year CAGR of 285 per cent. The company reported amazing numbers in its Quarterly Results and annual results. In Q3FY23, the company reported net sales of 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 275 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.