On Friday, there was a strong boom. The Sensex closed at 82,188.99 with an increase of 746.95 points or 0.91%, while the Nifty 50 index jumped 252.15 points or 1.02% to closure to 25,003.05. Meanwhile, the stock of an EV company saw a rise of 1.5 percent. This stock jumped after one of its positive news.
This stock is Mercury Ev-Tech Ltd. The company told BSE that it had opened a new showroom in Bhavnagar, Gujarat. With the opening of this new showroom, the company is expected to reach the market and increase availability to customers. This step is part of the expansion strategy of Mercury EV-Tech, under which the company will focus on spreading its electric vehicles to maximum people. As soon as this news came, its shares raced.
Company is constantly making such announcement
Earlier, Mercury EV-Tech LTD made another big announcement in April, which strengthened the senses of investors. The company had announced to launch a 3.2 GW (GW) lithium-ion battery manufacturing unit in Vadodara through its full-owned subsidiary Pavarmatz Energy. The company had told that the anklet project for this unit in May will start in May and the company has now made another announcement.
Share rose to investors
If we talk about its share, then it is seeing a steady fast year after year, but before investing, you should invest money only by doing good research about any share. Let us tell you that this Penny Stock has given a return of about 15,600 percent to its investors in the last five years, while in a period of one year there has been a decline of more than 10 percent.
There has been a huge loss of 38 percent during 6 months, while there has been a decline of 3 percent in a period of one month. Right now the price of this stock is Rs 59.65 and the high level of 52 weeks of this stock is Rs 139.20 and the bottom of 52 weeks is Rs 51.24.
(Note- Take the help of financial advisor before investing in any share.)