17,700% Returns & FIIs Increase Stake: Only Buyers In This Multiubagger EV-Stock Under Rs 65; Locked In Upper Circuit on March 06
The stock gave multibagger returns of 300 per cent in just 2 years, 6,875 per cent in 3 years and a whopping 17,700 per cent in 5 years.
On Thursday, shares of Mercury EV-Tech Ltd hit a 5 per cent to upper circuit to Rs 65 per share from its previous closing of Rs 59.11 per share. The stock’s 52-week high is Rs 139.20 per share and its 52-week low is Rs 51.24 per share.
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 Rs 1,179 crore and reported stellar numbers in its Quarterly Results (Q3FY25) and nine-month 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 the 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.
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The stock is up by 21 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, 6,875 per cent in 3 years and a whopping 17,700 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.