Mercury EV Tech Limited’s excellent performance amid market decline, upper circuit of 5%

Even amidst the decline in the stock market, Mercury EV-Tech Ltd performed brilliantly. On Friday, the company’s shares hit an upper circuit of 5%, due to which its price reached the level of ₹ 90.48.

• The stock opened at ₹86.93 on BSE and closed in the upper circuit by the end of trading.

Share price was 30 paise in 2019

Shares of Mercury EV Tech have seen a tremendous rise in the last few years:

• Share price in 2019: Only ₹0.30 (30 paise).
• Gain so far: 26,511%.
• 52 Week High: ₹139.20.
• 52 Week Low: ₹64.32.
• Company’s market cap: ₹1,570 crore.

Why is this stock in discussion?

Mercury EV tech came into the news recently when the company informed the stock markets on December 17:

• The government has given permission to the company to form a new subsidiary.
• The name of this new subsidiary will be Global Container Private Limited.
• This subsidiary will do container production and related work.

last year’s performance

Even though this stock has hit the upper circuit today, it has not proved to be that beneficial for investors in the last one year:

• Over the past year: The stock is down 26%.
• Over the past month: Down more than 11%.

advice for investors

Mercury EV Tech Ltd.’s performance over the long term has been impressive, but recent declines have left investors cautious.