Shares below Rs 20: This multibagger stock soared over 1,000 per cent in just six months!
On an intraday basis on Tuesday, the shares of this company rallied, hitting a 52-week high of Rs 10.26 per share on BSE after being locked in the 5 per cent upper circuit.
On Tuesday, the Indian domestic indices started the day higher with gains across most sectors. BSE Metals sector was one of the session's top-gaining sectors, led by Vedanta Ltd, which gained more than 2 per cent.
The government imposed export taxes on a variety of metals and steel products in May 2022 in an effort to control high inflation. Metal prices, which had previously peaked, fell precipitously in the months of April, May & June while the sectoral index (BSE Metals) plunged more than 10 per cent over the last six months.
Despite all drawbacks, the shares of Mercury Metals surged 1,052 per cent in just six months, thanks to back-to-back upper circuits while its shareholders have witnessed outstanding returns of 136 per cent in just one month! On an intraday basis on Tuesday, the shares of Mercury Metals rallied, hitting a 52-week high of Rs 10.26 per share on BSE after being locked in the 5 per cent upper circuit.
The company was founded with the primary goal of participating in the business of dealing in metals. Since its establishment, it has started trading in various kinds of ferrous and non-ferrous metals as well as metal scraps.
Keep a close eye on this scrip for the upcoming sessions!