Multibagger EV-Stock Under Rs 100 In Focus As Company Participated in Bharat Mobility Global Expo (BMGE) 2025 - Auto Expo - The Components Show
The stock gave multibagger returns of 335 per cent in just 2 years, 10,200 per cent in 3 years and a whopping 24,815 per cent in 5 years.
On Wednesday, shares of Mercury EV-Tech Ltd plunged 1.25 per cent to Rs 87.51 per share from its previous closing of Rs 88.61 per share. The stock’s 52-week high is Rs 139.20 per share and its 52-week low is Rs 64.32 per share. The stock is up by 36 per cent from its 52-week low of Rs 64.32 per share.
Mercury EV-Tech Limited announced that its subsidiary, DC2 Mercury Cars Private Limited, successfully participated in the "Bharat Mobility Global Expo (BMGE) 2025 – Auto Expo – The Components Show" held from January 17th to 22nd, 2025, at Yash Bhoomi, New Delhi.
DC2 Mercury Cars, a subsidiary of Mercury EV-Tech Limited and a listed company on the Bombay Stock Exchange, made a triumphant return to the automotive scene at BMGE 2025 under the leadership of renowned automotive designer Mr Dilip Chhabria. The company unveiled two groundbreaking products: e-TANQ, a futuristic off-roader, and Europa, an ultra-luxurious mobile showroom. e-TANQ, an in-house design, is an all-electric vehicle poised to revolutionize urban mobility. This rugged and powerful vehicle embodies a perfect blend of engineering excellence and innovative design. Equipped with a substantial 180 kWh battery delivering a potent 650 BHP, e-TANQ seamlessly combines performance with sustainability.
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Furthermore, DC2 Mercury Cars showcased Europa, a bespoke and one-of-a-kind mobile showroom created for Goldmedal Electricals. This luxurious and state-of-the-art showroom on wheels exemplifies DC2 Mercury Cars' dedication to innovative craftsmanship and superior aesthetics, reflecting their expertise in creating unique and unforgettable experiences. Additionally, the company displayed an upgraded battery-operated 3W E-Rikshaw L5 (7-seater) designed to meet stringent European standards. The company stated that it was immensely grateful for the opportunity to participate in such a prestigious event and eagerly anticipates the continued success of its innovative endeavours.
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 1,600 crore and reported positive numbers in Quarterly Results (Q2FY25) and half-yearly results (H1FY25).
As of November 2024, FIIs bought 30,00,000 shares and increased their stake to 1.72 per cent in the company compared to September 2024. The stock gave multibagger returns of 335 per cent in just 2 years, 10,200 per cent in 3 years and a whopping 24,815 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.