Gujarat-based multibagger EV-stock under Rs 60 jumps 8.82% after announcing business update!
DSIJ Intelligence-1 / 29 Aug 2025/ Categories: Multibaggers, Penny Stocks, Trending
The stock gave multibagger returns of 730 per cent in 3 years and a whopping 8,400 per cent in 5 years.
On Friday, shares of Mercury EV-Tech Ltd jumped 8.82 per cent to Rs 54.30 per share from its previous closing of Rs 49.90 per share. The stock’s 52-week high is Rs 139.20 per share and its 52-week low is Rs 45 per share. The stock is up by 21 per cent from its 52-week low of Rs 45 per share.
Mercury EV-Tech Ltd. was invited to a meeting at the Gujarat Chamber of Commerce & Industry (GCCI) with a delegation from the Korea Smart e-Mobility Association (KEMA). The purpose of the meeting was to facilitate the exchange of technology and knowledge between India and Korea to support the development of electric two-wheelers and lithium-ion batteries. The event saw the attendance of key officials from KEMA, including its Chairman, Mr. Deuk-un Lee, as well as representatives from GCCI and Mercury EV-Tech's Chairman and Managing Director, Mr. Jayesh Thakkar, and Executive Director, Mr. Darshan Shah.
About the Company
Mercury EV Tech has opened a new EV showroom in Bhavnagar, near Jashonath Circle, to serve as a hub for "Make in India" electric vehicles. Chairman Shri Jayesh Thakkar highlighted the company's commitment to creating a self-reliant and pollution-free India by offering a variety of electric vehicles, from two-wheelers to tempos. In addition to their in-house manufacturing capabilities for batteries and other components, the company is also developing a large lithium-ion battery facility in Vadodara to capitalize on the growing EV and battery energy storage system (BESS) markets.
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According to Quarterly Results, the net sales increased by 482 per cent to Rs 22.57 crore and net profit increased by 235 per cent to Rs 1.63 crore in Q1FY26 compared to Q1FY25. 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 company has a market cap of over Rs 900 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 730 per cent in 3 years and a whopping 8,400 per cent in 5 years.
Disclaimer: The article is for informational purposes only and not investment advice.