8,600% Multibagger Returns: EV-stock under Rs 55 in green as NCLT approved merger of EV Nest Pvt Ltd into Mercury EV-Tech Ltd

DSIJ Intelligence-1 / 22 Sep 2025/ Categories: Multibaggers, Penny Stocks, Trending

8,600% Multibagger Returns: EV-stock under Rs 55 in green as NCLT approved merger of EV Nest Pvt Ltd into Mercury EV-Tech Ltd

The stock gave multibagger returns of 550 per cent in 3 years and a whopping 8,600 per cent in 5 years.

The National Company Law Tribunal (NCLT) in Ahmedabad has approved the Composite Scheme of Arrangement between EV Nest Private Limited (the Transferor Company) and Mercury EV-Tech Limited (the Transferee Company). The order, which was received on September 18, 2025, follows a petition under Sections 230 to 232 of the Companies Act, 2013. The merger's appointed date is set for April 1, 2023. Mercury EV-Tech is now in the process of filing the necessary e-form INC-28, along with a copy of the order and the scheme, with the Registrar of Companies within 30 days.

Mercury EV-Tech Ltd has announced a significant business update, having received approval from the International Centre for Automotive Technology to manufacture the "multibagger-ev-stock-under-rs-60-with-8500-returns-in-5-years-id001-52630">MUSHAK EV." This is a special-purpose, battery-operated, four-wheel goods carrier that falls under the N1 category. The vehicle has a Gross Vehicle Mass (GVM) of 2085 kg, a seating capacity for two people, and a maximum speed of 69 KMPH. This approval represents a major regulatory milestone for the company and is valid in perpetuity. The MUSHAK EV's key features include an unbreakable body and being 100 per cent "Make in India." Additionally, the vehicle is eligible for upcoming government subsidies. The company anticipates that this approval will unlock new growth opportunities, drive revenue expansion, and strengthen its overall operational performance.

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Mercury EV Tech has launched a new EV showroom in Bhavnagar to promote "Make in India" electric vehicles. Chairman Shri Jayesh Thakkar announced the company's commitment to a self-reliant and pollution-free India, showcasing a range of electric vehicles. To capitalise on the expanding EV and battery energy storage markets, the company is building a large-scale lithium-ion battery facility in Vadodara. This vertically integrated business model, which includes in-house production of key components, provides a competitive edge and aligns with the "Atmanirbhar Bharat" initiative. The company aims to capture a significant market share in India's growing EV and energy storage sectors, positioning itself as a comprehensive manufacturer with export potential.

Financially, Mercury EV-Tech has shown robust growth. The company saw net sales surge by 307 per cent in FY2025 and continued this momentum with a 482 per cent increase in revenue in Q1FY26. This strong performance is complemented by the recent approval for its "MUSHAK EV" goods carrier, a 100 per cent "Make in India" vehicle. This regulatory milestone not only validates the company's product development but is also expected to unlock new growth avenues and drive further revenue expansion, strengthening its operational performance.

The company has a market cap of over Rs 970 crore. In June 2025, the President of India made a fresh entry and bought 21,000 shares or a 0.01 per cent stake. The stock gave multibagger returns of 550 per cent in 3 years and a whopping 8,600 per cent in 5 years.

Disclaimer: The article is for informational purposes only and not investment advice.