Gujarat-based multibagger EV-stock under Rs 55 jumps over 5% after the inauguration of a new showroom at Dahod

DSIJ Intelligence-1 / 29 Jul 2025/ Categories: Multibaggers, Penny Stocks, Trending

Gujarat-based multibagger EV-stock under Rs 55 jumps over 5% after the inauguration of a new showroom at Dahod

The stock gave multibagger returns of 4,170 per cent in 3 years and a whopping 15,000 per cent in 5 years.

On Tuesday, shares of Mercury EV-Tech Ltd jumped 5.23 per cent to Rs 54.50 per share from its previous closing of Rs 51.79 per share. The stock’s 52-week high is Rs 139.20 per share and its 52-week low is Rs 48.26 per share.

Mercury EV Tech Ltd has officially opened a new showroom in Dahod, located near Simandhar Swami Temple, opposite Swaraj Tractors, on Old Dahod-Indore Road, Simandhar Society, Dahod-389151. The inauguration was attended by Mercury EV Tech's team, including Shri Jayesh Thakkar and Darshan Shah. Also present were notable dignitaries such as MLA Garbada Shri Mahendrasinh Bhabhor, MLA Dahod Shri Kanhaiyalal Kishori, MLA Jhalod Shri Mahesh Bhuriya, President Dahod Nagarpalika Shri Gopi Desai, City BJP President Dahod Shri Arpil Shah, and Shri Parvat Bhai Damor, along with other distinguished guests and citizens.

About the Company

Mercury EV Tech has inaugurated a new EV showroom in Bhavnagar, near Jashonath Circle, positioning it as a key centre for "Make in India" electric vehicles. The opening, attended by political dignitaries and company executives, highlighted the environmental and economic advantages of EVs. Chairman Shri Jayesh Thakkar underscored the showroom's role in advancing a self-reliant and pollution-free India, with plans to offer a diverse range of electric vehicles from two-wheelers to tempos, thereby fostering an EV-driven Bhavnagar.

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Mercury EV Tech offers comprehensive end-to-end EV solutions, including the in-house manufacturing of essential components like batteries, chassis, and motor controllers, all supported by a CED coating plant for quality and cost efficiency. Further demonstrating its commitment to "Atmanirbhar Bharat," the company is developing one of India's largest Lithium-Ion battery manufacturing facilities in Vadodara, boasting a 3.2 GW capacity. This facility is anticipated to commence pilot production, producing various battery chemistries for a wide array of EV and Battery Energy Storage System (BESS) applications. With dedicated R&D centres and strategic in-house manufacturing, Mercury EV Tech is well-positioned to capitalise on India's burgeoning EV and BESS markets, driven by favourable government policies and increasing demand for clean energy solutions.

The company has a market cap of over Rs 990 crore. According to Quarterly Results, the net sales increased by 451 per cent to Rs 30.68 crore and net profit increased by 470 per cent to Rs 1.34 crore in Q4FY25 compared to Q4FY24. In its annual results, the net sales increased by 307 per cent to Rs 89.64 crore and the net profit increased by 286 per cent to Rs 7.70 crore in FY25 compared to FY24.

The stock is up by 13 per cent from its 52-week low of Rs 51.24 per share. 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 4,170 per cent in 3 years and a whopping 15,000 per cent in 5 years.

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