1,518% return in two years: Do you own this EV stock?

Multibagger EV Stock: Shares of Mercury Ev-Tech Ltd, which is engaged successful the manufacturing of electrical scooters, electrical cars, electrical buses, electrical vintage cars, electrical play cars and electrical vehicles, has fixed a multibagger instrumentality of 1518 per cent successful 2 years. The banal has fixed a whopping 12,764 per cent instrumentality to its investors successful 3 years.

Mercury Ev-Tech Share Price 

The antagonistic opened successful greenish contiguous astatine Rs 109.85 against the erstwhile adjacent of Rs 107.10. However, past seen it was trading astatine Rs 105 - a autumn of 1.96 per cent from the erstwhile close.

The 52-week precocious of the stocks is Rs 143.80 and the 52-week debased is Rs 54.

Meanwhile, the institution has informed exchanges that its committee has approved the allotment of 1,44,25,666 equity shares of Re 1 each afloat paid up per stock of the look worth of Re 1 each issued astatine a terms of Rs 75 (including premium magnitude of Rs 74 per share) per equity stock connected a preferential basis.

Consequent to the allotment, the paid-up equity superior has accrued from Rs 17,55,47,392 consisting of 17,55,47,392 shares of Re 1 each to Rs 18,99,73,058 consisting of 18,99,73,058 shares.

Besides, the committee has approved the allotment of 4,53,00,000 convertible warrants issued astatine a terms of Rs 75 per warrant connected a preferential basis.

Meanwhile, the Sensex and Nifty fell successful aboriginal commercialized connected Friday amid continuous overseas money outflows and anemic trends successful blue-chip stocks Reliance Industries and ICICI Bank.

Market watchers said the Indian marketplace is apt to commercialized sideways till clarity emerges connected firm earnings, prime up successful depletion and overseas money flows.

Meanwhile, the US Fed has chopped rates for 2 consecutive meetings arsenic the ostentation people has been comfortable.

However, India, connected the different hand, is facing sticky nutrient ostentation but besides little maturation possibilities, they said.

The RBI volition beryllium gathering adjacent period to unveil their monetary argumentation meeting.

The BSE benchmark Sensex fell by 424.42 points to 79,117.37 successful aboriginal trade. The NSE Nifty declined 132.7 points to 24,066.65.

From the 30-share Sensex pack, Tata Motors, Reliance Industries, Asian Paints, Maruti, NTPC and ICICI Bank were the biggest laggards.

Infosys, Tech Mahindra, HCL Technologies, Titan, Kotak Mahindra Bank and HDFC Bank were among the gainers.

Foreign Institutional Investors (FIIs) offloaded equities worthy Rs 4,888.77 crore connected Thursday, according to speech data.