Mercury Ev-Tech Shares Surge 14% Amid Market Weakness

Mercury Ev-Tech, a company that makes electric vehicles and renewable energy products, saw its shares go up by 14% on Tuesday.

This happened even though the overall market was not doing well.

The company's shares reached a high of ₹40.99.

One reason for this increase is a trade agreement between India and the European Union, which might help the company by reducing import duties on electric vehicles for the first five years.

The company also had a good financial performance in the second quarter of the fiscal year, with sales and profits increasing significantly.

Additionally, the company held its annual meeting where shareholders approved important decisions, including reappointing a director and appointing a new one.