Multibagger EV-Stock Under Rs 100 in Focus as Company Reports Stellar Q3FY25 & 9MFY25 Results; PAT Jumps Over 700% in Q3
The stock gave multibagger returns of 300 per cent in just 2 years, 8,500 per cent in 3 years and a whopping 21,000 per cent in 5 years.
Mercury EV-Tech Ltd, formerly known as Mercury Metals Limited, is involved in the manufacturing of electric scooters, electric cars, electric buses, electric vintage cars, electric golf cars, and electric vehicles in India. The company has a market cap of over Rs 1,300 crore and reported stellar numbers in Quarterly Results (Q3FY25) and half-yearly results (9MFY25).
According to quarterly results, the net sales increased by 677 per cent to Rs 35.60 crore and net profit increased by 708 per cent to Rs 4.28 crore in Q3FY25 compared to Q3FY24. In its nine-month result, the net sales increased by 240 per cent to Rs 58.95 crore and net profit increased by 241 per cent to Rs 6.37 crore in 9MFY25 compared to 9MFY24.
Mercury EV-Tech Limited has achieved a major milestone by receiving approval from NATRAX to manufacture two special-purpose battery-operated vehicles: KALA GHODA CLEAN (L5N category, GVM 1051 kg, seating capacity 1, maximum speed 41 km/h) and LIMOSA (L5M category, GVM 797 kg, seating capacity 4, maximum speed 46 km/h). These vehicles are designed with an unbreakable body for enhanced durability, fully manufactured in India to support local industries, and are eligible for upcoming government subsidies. This approval unlocks new revenue streams, meets growing consumer demand, and strengthens the company’s business prospects. Earlier in January 2025, Mercury EV-Tech's subsidiary, DC2 Mercury Cars Private Limited, participated in the "Bharat Mobility Global Expo (BMGE) 2025 – Auto Expo – The Components Show" held in New Delhi, showcasing its innovative products and reinforcing its commitment to global excellence in the automotive sector.
DSIJ's ‘Penny Pick’ service provides research-backed penny stock recommendations below Rs. 100. If this interests you, do download the service details here.
The stock is up by 20 per cent from its 52-week low of Rs 64.32 per share. As of December 2024, FIIs bought 29,42,918 shares and increased their stake to 1.69 per cent in the company compared to September 2024. The stock gave multibagger returns of 300 per cent in just 2 years, 8,500 per cent in 3 years and a whopping 21,000 per cent in 5 years. Investors should keep an eye on this Small-Cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.