Rs 2 To Rs 15: Small Cap Stock Hits New 52-Week High, Rises 650% In 6-Months

Leading small cap stock, Mercury Metals Ltd hit upper circuit and new 52-week high today. The stock has been hitting back to back upper circuit regularly since December 30, 2022. It has gained over 650% in just last 6-months. The company came into existence in 1986 and became deemed Public Ltd company effective from February 9, 1994. Its name was changed to Mercury Capital Limited by special resolution passed on February 1, 1995. Check key details below:

1. Mercury Metals Stock Performance

The current market price of the stock is Rs 15 apiece on BSE with intraday gain of 4.98%. The stock hit upper circuit intraday when the price of the share surged to Rs 15.18 apiece.

It also traded it new 52-week high on January 6, 2022. The stock has been hitting back to back upper circuit since December 30.

2. Mercury Metals Return

The stock has given multibagger returns in a very short span of just 3 months. In last 1-week, it surged 27%, 92% in last 1-month, and 156% in last 3-months.

The stock has given a return of nearly 400% in last 4 months, 650% return since August 2022. The stock was priced Rs 2 on June 20, 2022 and today the stock price has surged to Rs 15 apiece.

3. About Mercury Metals

It came into existence with the main goal to undertake business of dealing in metal and metal scraps. It began trading since its inception in several kinds of ferrous and non-ferrous metals and metal scraps. It diversified in the field of finance and securities in 1994 for better utilisation of funds available with the it.

Currently, it is engaged in offering fund based financial services which includes mainly Lease Financing and dealing in shares and securities. It has begun investment activities and is negotiating to finalise some lease proposals with leading clients.

Disclaimer

The stock gives details related to multibagger returns in a short span of time. Greynium Information Technologies and the author are not liable for any losses caused as a result of decisions based on the article. Goodreturns.in advises users to check with certified experts before taking any investment decision.