Mercury Ev-Tech Ltd Share: The share of Mercury EV-Tech Ltd is in the spotlight during trading on Wednesday.
The stock of the company reached the upper limit of 10 percent and was able to hit an intraday peak of about Rs 83 in trading.
The positive news is to explain this increase in the company’s share. The company plans for a fundraiser.
The company informed the trading market on Wednesday that the board meeting will take place on Friday 13 September, and that it will be discussing raising funds.
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What Is The Detail?
In a letter to the BSE, the company announced that the meeting of its board members is scheduled for the 13th of September on Friday.
The meeting will discuss raising money through convertible equity warrants or offering shares on a preferential basis. Mercury EV-Tech Ltd was formerly known as Mercury Metals Ltd.
The company is engaged in the manufacture of electric motorbikes, electric vehicles, electronic vintage vehicles, electric golf cars as well as electric cars in India.
The market capitalization for the business is higher than Rs 1,474.07 crore.
Company’s Stock Status
The stock has earned an average return of 18 percent over five days, and 104 percent over one year. It has earned an all-time high of 13,000 percent over 3 years and 23,225 percent in five years.
At the same time, in just 2 years, this stock went from 85 paise to its current price. In this time it has risen to 10,000 percent.
The stock’s 52-week peak is Rs 143.8 while its 52-week lowest is Rs 41.79. In June 2024 the promoters of the company hold a 62.10 percent stake, and the remaining 39.90 percent stake is owned by the general public.
Quick Fact
| Company name | Mercury EV-Tech |
|---|---|
| Intraday peak | ₹83 |
| Former name | Mercury Metals |
| Main business | Electric vehicles |
| Products | Motorbikes, vintage cars, golf cars, cars |
| Market cap | ₹1,474.07 crore |
| Board meeting date | 13 September |
| Fundraising plans | Convertible equity warrants or shares |
| 5-day return | 18% |
| 1-year return | 104% |
| 3-year return | 13,000% |
| 5-year return | 23,225% |
| 2-year growth | 10,000% |
| Promoter holding (June 2024) | 62.10% |
| Public holding | 39.90% |
| 52-week peak | ₹143.8 |
| 52-week low | ₹41.79 |
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