Multibagger Stock India: The Indian stock market is witnessing a decline on the second trading day of the week. Both the major benchmark indices BSE Sensex and NSE Nifty 50 are trading in the red. At the same time, shares of Mercury EV Tech, a multibagger stock, are registering a rise.
There was a rise of about 3 percent in the company’s shares on Tuesday’s trading day. Let us know, how is the company doing in the stock market?
Status of company shares on BSE
Shares of Mercury EV Tech were trading at Rs 39.75 on BSE at around 2 pm on December 16. A rise of 2.47 percent or Rs 0.96 was being recorded in the company shares. The 52-week high level of company shares was Rs 99.26. Talking about the low level, the company shares had reached the figure of Rs 36. The high level of the company share during the trading day was Rs 40.45.
Performance of the first half of the current financial year
The first half of the financial year has been strong for Mercury EV Tech. During this period, the company’s net sales increased to Rs 56.58 crore. If we talk about the figures, there is an increase of 142 percent on annual basis. The net profit of the company in the September quarter was Rs 2.99 crore. Which shows an increase of about 43 percent.
The company gave a return of 6000 percent
Company shares have been declining for the last 2 years. However, investors who had bet on company shares for a long time have got a chance to earn huge returns. The company has given returns of about 6060 percent to positional investors in 5 years.
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