Promoters Hold Over 50% Stake: EV-stock under Rs 50 Surges 4.4% on December 16; Details Inside
DSIJ Intelligence-1Categories: Multibaggers, Penny Stocks, Trending
The stock gave multibagger returns of 265 per cent in 3 years and a whopping 6,000 per cent in 5 years.
On Tuesday, shares of Mercury EV-Tech Ltd surged 4.40 per cent to an Intraday high of Rs 40.45 per share from its intraday low of Rs 38.77 per share. The stock’s 52-week high is Rs 99.26 per share and its 52-week low is Rs 36 per share. The stock is up by 12.4 per cent from its 52-week low of Rs 36 per share. The company has a market cap of over Rs 750 crore. The stock gave multibagger returns of 265 per cent in 3 years and a whopping 6,000 per cent in 5 years.
The Annual General Meeting (AGM) of Mercury Ev-Tech Limited took place today, Monday, December 15, 2025, starting at 12:00 noon at the company's Registered Office, located at Block No. 28, National Highway No.8, Manglege, Vadodara, Gujarat, 391243. The purpose of the meeting was to transact the business specified in the AGM Notice dated November 20, 2025. Among the items of Special Business requiring a Special Resolution was the authorisation for the Board to grant loans, advances, and/or provide securities to entities in which Directors are interested, as permitted under Section 185 of the Companies Act, 2013. Voting for this and other matters was conducted through both Remote e-voting before the meeting and by ballot paper during the AGM itself.
Additionally, the company has announced a significant expansion of its dealership network into South India, establishing a stronger market presence in Tamil Nadu. The company is set to inaugurate three new showrooms as part of its strategic business expansion plan. These new dealership addresses are: Sri Balamurgan Spare Parts in Devikapuram, Tiruvannamalai District; MRM Tractors and Enterprise on the Ponneri Bypass near Rani Mahal in Vridhachalam, Cuddalore District; and VL EV Auto Hub located at the Vijayalakshmi Complex on GST Road in Sirunagalur, Chengalpattu District. This move is expected to enhance Mercury Ev-Tech's market outreach and availability to consumers in this key regional market, aligning with the company's objective to grow its footprint across India.
About the Company
Established in 1986, Mercury EV-Tech Ltd. is a key player in India's Electric Vehicle (EV) and renewable energy sectors, dedicated to embodying the Aatma Nirbhar Bharat vision through fully localised manufacturing of a diverse product portfolio, including electric scooters, cars, buses, and industrial/hospitality-focused custom EVs. The company is driving aggressive growth, demonstrated by its recent NCLT-approved merger with EV Nest, the securing of ICAT clearance for the "MUSHAK EV" goods carrier, and a strategic move towards vertical integration by building a large lithium-ion battery facility in Vadodara and expanding its showroom presence in Gujarat. Beyond internal development, Mercury EV-Tech has strengthened its capabilities across electric tractors, advanced batteries, and premium design through significant acquisitions, including stakes in Traclaxx Tractors, Powermetz Energy, and DC2 Mercury Cars, positioning the forward-looking brand—with popular models like DLX and VOLTUS—to lead the movement toward a cleaner, self-reliant India.
According to Quarterly Results, the net sales increased by 51 per cent to Rs 34.01 crore and net profit increased by 35 per cent to Rs 1.72 crore in Q2FY26 compared to Q1FY26. Looking at half-yearly results, the net sales increased by 142 per cent to Rs 56.58 crore and net profit increased by 43 per cent to Rs 2.99 crore in H1FY26 compared to H1FY26.
Disclaimer: The article is for informational purposes only and not investment advice.