Mercury Ev-Tech, a prominent small-cap entity in the Electric Vehicle (EV) sector, has garnered significant attention for its remarkable performance in the stock market. Despite a general downturn observed in the Indian stock market on January 23rd, the company’s shares registered a notable surge, offering investors substantial returns.
Impressive Long-Term Growth
Over the past five years, Mercury Ev-Tech has delivered an extraordinary multibagger return exceeding 5000 percent to its investors. This exceptional long-term growth places the company among the top-performing stocks in its category. Currently, the stock trades below the 40-rupee mark, yet its consistent appreciation over the extended period has significantly benefited shareholders.
While the long-term outlook remains strong, the stock has experienced short-term volatility. It has seen a decline of 58 percent over the past year, a 30 percent fall in the last six months, and a 21 percent dip in the last three months. Despite these fluctuations, its impressive long-term returns continue to capture investor interest.
Strong Financials and Recent Market Activity
Mercury Ev-Tech’s financial results for the current fiscal year indicate a robust performance. In the second quarter of fiscal year 2026, the company reported a 51 percent increase in net sales, reaching 34.01 crore rupees. Additionally, its net profit saw a 35 percent rise compared to the first quarter, highlighting the company’s solid financial health.
On Friday, January 23rd, the company’s shares exhibited strong upward momentum on the BSE. Around 1:30 PM, Mercury Ev-Tech shares were trading at 35.91 rupees, marking a 13.64 percent or 4.31 rupee increase. The trading day commenced with shares opening at 33 rupees, achieving an intra-day high of 36.51 rupees. The company’s 52-week high stands at 87 rupees, with a 52-week low of 29.95 rupees. Mercury Ev-Tech maintains a market capitalization exceeding 680 crore rupees.
