Archive · 17 Sep 2025
EV Stock Mercury Ev-Tech Surges Following Government Approval
An EV company, Mercury Ev-Tech, saw its stock price increase by 6.44% recently.
This happened after the company got permission to make a new electric vehicle called Mushak EV.
This vehicle has an unbreakable body and is entirely made in India.
The company's stock has done very well in the long run, increasing a lot in value over the past five years.
The company also saw big increases in its sales and profit in the last year.
Mercury Ev-Tech share price increased by up to 6.44% to ₹49.72.
The stock has increased by 7,547.69% in the last five years.
The company received approval to manufacture the Mushak EV.
The Mushak EV is a battery-operated 4W goods carrier.
The company saw significant increases in both sales and profits in the last year.
- Who
- Mercury Ev-Tech
- What
- Stock price surged after receiving approval to manufacture Mushak EV.
- When
- Wednesday's trading session, and the exchange filing dated September 8
- Where
- Dalal Street
- Why
- Due to the approval to manufacture the Mushak EV, which qualifies for government subsidies, driving market-driven product launches, and revenue expansion.
- Stock Performance (5 years)
- Up 7,547.69%
- Recent Price Increase
- Up 6.44%
- Current Stock Price
- ₹49.72
- Q1FY26 Net Sales Increase
- 482%
- Q1FY26 Net Profit Increase
- 235%
- FY25 Net Sales Increase
- 307%
- FY25 Net Profit Increase
- 286%