Archive · 31 Oct 2025
Mercury Ev-Tech Stock Jumps 7% Amid Broader Market Weakness
Imagine a toy car company whose stock usually goes down a lot lately.
But on one particular Friday, even though most other toy companies' stocks were also going down, this one toy car company's stock went up by a lot, about 7%!
This happened even though the person in charge of making sure the company followed all the rules decided to quit.
This toy car company makes electric toy cars and their parts.
Even though the stock has gone down a lot over the past year, it has made a lot of money for people who invested a long time ago.
So, even with some bad news like someone quitting, the stock price went up because people were really excited to buy it that day.
Mercury Ev-Tech shares surged over 7% on Friday, reaching ₹45 per share.
The stock's rise occurred despite a general downturn in the broader Indian stock market.
The company announced the resignation of its Company Secretary and Compliance Officer, Charmy Milind Joshi.
Joshi will continue in her role until the closing hours of November 24, 2025.
Mercury Ev-Tech manufactures electric vehicles and their components, and its stock has seen significant long-term gains despite recent declines.
- Who
- Mercury Ev-Tech
- What
- Its stock jumped over 7%, despite a broader market decline and the resignation of its Company Secretary and Compliance Officer.
- When
- Friday, October 30, 2025
- Where
- BSE (Bombay Stock Exchange)
- Why
- Strong buying momentum, though specific reasons for the buying are not detailed beyond market speculation.
- Company
- Mercury Ev-Tech
- Stock Movement
- +7.24% on Friday
- Current Trading Price
- ₹43.45 (as of 12:10 PM)
- Resignation
- Company Secretary & Compliance Officer Charmy Milind Joshi resigns, effective November 24, 2025
- Business
- Manufacturer of electric vehicles (EVs), components (battery, chassis, motor controller)