FIIs bought 14,71,638 shares: EV-stock under Rs 50 jumps over 8% on February 25
Kiran DSIJCategories: Multibaggers, Penny Stocks, Trending
The stock is up by 110 per cent in 3 years and has given multibagger returns of 4,700 per cent in 5 years.
On Wednesday, shares of Mercury EV-Tech Ltd jumped over 8 per cent to an Intraday high of Rs 35.55 per share from its previous closing of Rs 32.72 per share.
Since its founding in 1986, Mercury EV-Tech Ltd. has evolved into a prominent player in India’s renewable energy sector, championing the "Aatma Nirbhar Bharat" mission through localised manufacturing. The company’s diverse portfolio—ranging from electric scooters to specialised industrial vehicles—is bolstered by strategic milestones like the EV Nest merger and ICAT clearance for the "MUSHAK EV" carrier. To secure technical independence, the firm is vertically integrating its operations by establishing a large-scale lithium-ion battery facility in Vadodara alongside a growing retail network.
Strategic acquisitions of entities like Traclaxx Tractors and Powermetz Energy have further sharpened the company's competitive edge, integrating advanced battery tech and premium design into models like the DLX and VOLTUS. This momentum is now driving a significant expansion into South India, marked by the opening of new showrooms in Tamil Nadu. By scaling its regional footprint and enhancing consumer accessibility, Mercury EV-Tech is solidifying its leadership role in India’s transition to clean, sustainable transport.
According to the Quarterly Results, the company reported net sales of Rs 25.29 crore and net profit of Rs 0.89 crore in Q3FY26. In nine-month results (9MFY26), the company reported net sales of Rs 81.86 crore and net profit of Rs 4.22 crore.
In December 2025, FIIs bought 14,71,638 shares and increased their stake to 2.68 per cent compared to September 2025. The stock’s 52-week high is Rs 76.93 per share and its 52-week low is Rs 29.95 per share. The company has a market cap of over Rs 640 crore. The stock is up by 110 per cent in 3 years and has given multibagger returns of 4,700 per cent in 5 years.
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