EV-stock under Rs 50: Mercury EV-Tech Ltd is expanding its footprint in South India through its dealership model at 3 showrooms

On Tuesday, shares of Mercury EV-Tech Ltd jumped 6.60 per cent to an Intraday high of Rs 43.85 per share from its previous closing of Rs 41.15 per share. The stock’s 52-week high is Rs 103.10 per share and its 52-week low is Rs 36.90 per share. The stock is up by 19 per cent from its 52-week low of Rs 36.90 per share. The company has a market cap of over Rs 750 crore. The stock gave multibagger returns of 500 per cent in 3 years and a whopping 6,700 per cent in 5 years.

Mercury Ev-Tech Limited has announced a significant expansion of its dealership network into South India, establishing a stronger market presence in Tamil Nadu. The company is set to inaugurate three new showrooms as part of its strategic business expansion plan. These new dealership addresses are: Sri Balamurgan Spare Parts in Devikapuram, Tiruvannamalai District; MRM Tractors and Enterprise on the Ponneri Bypass near Rani Mahal in Vridhachalam, Cuddalore District; and VL EV Auto Hub located at the Vijayalakshmi Complex on GST Road in Sirunagalur, Chengalpattu District. This move is expected to enhance Mercury Ev-Tech's market outreach and availability to consumers in this key regional market, aligning with the company's objective to grow its footprint across India.

About the Company

Mercury EV-Tech Ltd., established in 1986, is deeply invested in the manufacturing and trading of Electric Vehicles (EVs) and renewable energy products. The company boasts a diverse product profile, spanning electric scooters, cars and buses, as well as specialised electric vintage and Golf cars. It also develops custom EVs for the industrial and hospitality sectors. Driving aggressive growth, the company recently secured NCLT approval for its merger with EV Nest and obtained ICAT clearance for the "MUSHAK EV," a specialised 'Make in India' four-wheel goods carrier. To achieve a vertically integrated model and expand its market reach, Mercury EV-Tech is actively building a large lithium-ion battery facility in Vadodara and has strategically opened three new EV showrooms in Gujarat. The company positions itself as a proudly homegrown manufacturer, embodying the Aatma Nirbhar Bharat vision through a fully localised production ecosystem, from research to assembly.

Beyond manufacturing, the company emphasises long-term value creation through strategic expansion and a mission-driven approach. The year was marked by significant acquisitions, including stakes in Traclaxx Tractors, Haitek Automotive, Powermetz Energy and DC2 Mercury Cars, strengthening its capabilities across electric tractors, multi-fuel vehicles, advanced battery systems and premium EV design. This move is integral to creating a robust, vertically integrated EV ecosystem that enhances product innovation and market reach. The annual report also highlights the company’s commitment to fostering an inclusive, innovation-driven workplace, providing opportunities for skill development and career growth. With a product portfolio featuring popular high-speed scooters like DLX, VOLTUS and LEO+, alongside upcoming models like MUSHAK, Mercury EV-Tech is positioning itself as a forward-looking brand, building a movement toward a cleaner, more self-reliant India.

According to Quarterly Results, the net sales increased by 51 per cent to Rs 34.01 crore and net profit increased by 35 per cent to Rs 1.72 crore in Q2FY26 compared to Q1FY26. Looking at half-yearly results, the net sales increased by 142 per cent to Rs 56.58 crore and net profit increased by 43 per cent to Rs 2.99 crore in H1FY26 compared to H1FY26.

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