Archive · 19 Nov 2025
Multibagger EV Stock Mercury EV Tech Rebounds
Mercury EV Tech, a company that makes electric vehicles, saw its stock price go up a little bit after it opened a new store in Gujarat.
Even though the stock has gone down a lot in the past year, it has still given its investors a big return over the last five years.
The company's sales and profits have been going up this year.
Mercury EV Tech share price surged nearly 1.14% to ₹38.96 in Wednesday's trading session
The stock has fallen over 40% in six months and over 62% in the last year
The company inaugurated a new showroom in Porbandar, Gujarat, as part of its business expansion strategy
Net sales jumped 51% to ₹34.01 crore in Q2FY26, while net profit rose 35% to ₹1.72 crore
Net profit for the first half of FY26 increased 43% to ₹2.99 crore, indicating improving profitability
- Who
- Mercury EV Tech
- What
- Rebounded stock price and inaugurated new showroom
- When
- Wednesday's trading session and November 18 (showroom inauguration)
- Where
- Indian stock market and Porbandar, Gujarat
- Why
- Business expansion strategy and strong financial performance
- Founded
- 1986
- Products
- Electric scooters, cars, buses, vintage cars, golf carts, customized EV solutions
- Q2FY26 Net Sales
- ₹34.01 crore
- Q2FY26 Net Profit
- ₹1.72 crore
- 5-Year Return
- 5,884.62%