Small-cap stock under ₹100: Mercury Ev-Tech surge after THIS acquisition move
1 week ago

Small-cap stock under ₹100: Mercury Ev-Tech surge after THIS acquisition move

Live Mint  

Shares of Mercury Ev-Tech surged over 5 per cent upper circuit to to ₹99.26 on Thursday's trading session, against previous close at to ₹94.54 on Wednesday. The stock gained after the company announced that it has signed a share purchase agreement with DC2 Mercury Cars Private Limited and Anushree B. Chhabria to acquire equity shares, according to the exchange filing. As per the agreement, the Anushree B will transfer 69.84 per cent of their shares, equating to 25,00,000 equity shares, to Mercury Ev-Tech at ₹10 per share. Mercury Ev-Tech stock delivered multibagger returns, soaring by 700 per cent in just two years, 11,400 per cent over three years, and an incredible 27,700 per cent within five years.

History of this topic

Multibagger stock: 25,200% returns in 5 years! Promoter raises stake in small-cap stock under ₹100. Do you own?
3 days, 4 hours ago
Small-cap stock below ₹100: Mercury EV share price rises 5% despite weak markets; Hits upper circuit
2 weeks, 6 days ago
EV manufacturer Mercury EV-Tech establishes new R&D Base; stock up 190% in 6 months
1 year, 7 months ago

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