Multibagger EV-Stock Under Rs 100 In Green After Receiving Approval for Manufacturing of KALA GODA CLEAN & LIMOSA from NATRAX
The stock gave multibagger returns of 320 per cent in just 2 years, 9,840 per cent in 3 years and a whopping 24,000 per cent in 5 years.
On Friday, shares of Mercury EV-Tech Ltd gained 2.15 per cent to Rs 86.11 per share from its previous closing of Rs 84.30 per share. The stock’s 52-week high is Rs 139.20 per share and its 52-week low is Rs 64.32 per share. The stock is up by 34 per cent from its 52-week low of Rs 64.32 per share.
Mercury EV-Tech Limited has received approval from NATRAX for manufacturing two special-purpose battery-operated vehicles: KALA GHODA CLEAN (L5N category, GVM 1051 kg, seating capacity 1, maximum speed 41 km/h) and LIMOSA (L5M category, GVM 797 kg, seating capacity 4, maximum speed 46 km/h). These vehicles feature an unbreakable body for durability, are entirely made in India support local industries, and are eligible for forthcoming government subsidies. This milestone represents a significant advancement for the company, opening new revenue opportunities, addressing consumer demand, and enhancing business outcomes.
Earlier, Earlier this year, Mercury EV-Tech Limited announced that its subsidiary, DC2 Mercury Cars Private Limited, had successfully participated in the "Bharat Mobility Global Expo (BMGE) 2025 – Auto Expo – The Components Show," which was held from January 17, 2025 to January 22, 2025, at Yash Bhoomi in New Delhi. This significant automotive event provided a platform for DC2 Mercury Cars to showcase its innovative spirit and groundbreaking products to a global audience.
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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 company has a market cap of over Rs 1,600 crore and reported positive numbers in Quarterly Results (Q2FY25) and half-yearly results (H1FY25).
As of November 2024, FIIs bought 30,00,000 shares and increased their stake to 1.72 per cent in the company compared to September 2024. The stock gave multibagger returns of 320 per cent in just 2 years, 9,840 per cent in 3 years and a whopping 24,000 per cent in 5 years. Investors should keep an eye on this Small-Cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.