Share Market: Re 1 share made rich, Mercury EV-Tech Limited gave 13 thousand percent return to investors

Share Market: One rupee share in the stock market made such a jump that investors became millionaires. An electric vehicle sector company named Mercury EV-Tech Limited has given an incredible return of 13,000 percent to its investors in the last two years.

How did the share price increase?

In June 2022, the shares of this company were trading at only Rs 1, which increased to Rs 130 by December 2023. However, due to profit booking at higher levels, this stock is currently trading at the level of Rs 100. Despite this, it proved to be a multibagger in two years and gave investors a huge earning opportunity.

Company Introduction

Mercury EV-Tech Limited is an electric vehicle manufacturing company, which manufactures vehicles like electric scooters, cars, buses, vintage cars and golf cars. The company has got good growth due to the increasing demand in the EV sector.

shareholding pattern

• Promoters' stake: 62.10%
• Non-institutional investors' stake: 37.74%
• Foreign Institutional Investors (FII) stake: 0.16%

financial position of the company

• The company has a minor debt, which Debt-to-equity ratio 0.94 Is.
• Return on Equity (ROE) is 3.05%.

Mercury EV-Tech has proven that the right investment at the right time can yield big returns. However, the risk in such shares is also high, hence experts say that complete information and vigilance is necessary before investing.