Mercury EV-Tech Shares Rally Over 40% in a Week; Here’s Why

On Tuesday, Indian markets traded on a negative note, with the Nifty 50 declining 0.17 per cent to 22,929. Amid this broader weakness, Mercury EV-Tech shares were locked in the 5 per cent Upper Circuit at Rs 28.38, up from the previous close of Rs 27.03. Notably, from April 1 to April 7, the stock has rallied more than 40 per cent, rising from around Rs 20 to Rs 28.

Recently, the company disclosed under SEBI regulations that promoters and promoter group entities have not pledged or created any charge on their shareholding for the financial year ended March 31, 2026.

Promoters Confirm No Pledge on Shareholding for FY26 Under SEBI Regulations

Recently, Mercury EV-Tech Limited disclosed under Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, that its promoters and promoter group entities have not created any encumbrance, including pledge, on their shareholding for the financial year ended March 31, 2026.

The declaration has been submitted to the stock exchanges as part of regulatory compliance and pertains to the status of promoter shareholding. The disclosure confirms that promoter holdings remain free from any pledged or charged obligations, indicating no borrowings secured against shares during the period. The company stated that the submission is in line with SEBI requirements and is intended for information and record purposes.

About Mercury EV-Tech

Mercury EV-Tech Limited is an India-based company engaged in the electric mobility segment, focusing on the manufacturing and development of electric vehicles and related components. The company operates in the growing EV ecosystem, aiming to provide sustainable and energy-efficient mobility solutions.

It is involved in the production and assembly of electric two-wheelers and other EV products, catering to the domestic market. Mercury EV-Tech continues to explore opportunities in the electric vehicle space, supported by increasing adoption of clean mobility solutions and favourable policy initiatives.

The company has a market capitalisation of Rs 539 crore. The stock has traded in a 52-week range of Rs 20.00 to Rs 76.93. In terms of recent performance, it declined 11.45 per cent over the past month, 39.78 per cent over the past six months, and 48.68 per cent over the past year.

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