Gujarat-based multibagger EV-stock under Rs 60 zooms 7% from intraday low on August 28
DSIJ Intelligence-1Categories: 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 Thursday, shares of Mercury EV-Tech Ltd zoomed 7 per cent to Rs 51.95 per share from its intraday low of Rs 48.50 per share. The stock’s multibagger-returns-52-week-high-alert-company-announces-share-subscription-cum-purchase-agreement-for-acquisition-of-shares-of-rivaara-labs-id001-51999">52-week high is Rs 139.20 per share and its 52-week low is Rs 45 per share. The stock is up by 15.44 per cent from its 52-week low of Rs 45 per share.
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 end-to-end EV solutions, including in-house manufacturing of batteries, chassis, and motor controllers, supported by a CED coating plant. The company is developing one of India's largest Lithium-Ion battery manufacturing facilities in Vadodara (3.2 GW capacity) for EV and BESS applications, with pilot production expected soon. With R&D centres and in-house manufacturing, Mercury EV Tech is poised to capitalise on India's growing EV and BESS markets. They recently inaugurated a new showroom in Dahod, attended by company officials and local dignitaries.
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.
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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.