Multibagger Stock: In three years, Rs. Rs 1 lakh This is a penny stock made of 1 crore!
Investors are constantly looking for multibagger stocks in the stock market. Investing in stocks that are gaining in a short period of time. He believes that it can create huge wealth with those shares. All you need to know about one of these types of stocks. Mercury EV Tech Penny Stock.. In Just Three Years, Rs. Rs 1 lakh 1 crore and made investors rich.
Mercury Eve Tech Share Award History..
Electric vehicle maker, Mercury, to gradually rise to Rs. 2022 by 2022 The stock was trading in a trading session on Thursday. At 86.79, the maximum and finally. Settled at 84.6.
If an investor invested Rs 1 lakh in this company three years ago and continued investing till date, its value would have increased to Rs 1 crore! This indicates the potential of the equity market to increase investors’ wealth by investing heavily in the right stocks.
Stock’s strong annual performance.. reflected in stock awards. It offered 22% returns in Seaway 1300. The next calendar year recorded a gain of 897 percent.
About Mercury Eve-Tech..
The company is engaged in manufacturing of electric vehicles and other related renewable energy products. It not only produces vehicles but also major components such as batteries, chassis and motor controllers.
Its production range extends from two-wheelers to buses, loaders and passenger vehicles. It caters to various transportation needs. The company’s subsidiary DC2 Mercury Cars Pvt Ltd recently participated in the Bharat Mobility Global Expo 2025. Here it has unveiled two products. V.. Off-roader E-Tank, luxury vehicle Europa.
In terms of company financials, Q2FY22 was valued at Rs. 1.60 crore net profit. This is 171% compared to the same quarter last year. The company’s revenue is Rs. 19.48 crores. In the same year, it rose to Rs. 5.52 crores.
Market opportunities..
The electric vehicle market is looking at significant growth with increasing environmental awareness, government incentives, improvements in technology and battery technology. As a result, already existing motorists and new-entrant companies are investing heavily.
The Indian automobile industry is the fifth largest in the world. Expectations are that by 2030, it will become the third largest auto market. According to India Energy Storage Alliance (IESA), the Indian electric vehicle industry is expected to expand with a CAGR of 36%.
NITI Aayog aims to achieve 70% for all commercial cars, 30% for private cars, 40% for buses, 40% for buses and 80% for two-wheelers. This is in line with the goal of achieving net zero carbon emissions by 2070.
(Note- This is an article designed for information only. HT has nothing to do with Telugu. You must consult a SEBI registered financial advisor before investing in any stock.)
