FIIs bought 36,43,605 shares: Multibagger EV stock under Rs 65; Company inaugurated a new showroom in Bhavnagar, Gujarat

The stock gave multibagger returns of 6,300 per cent in 3 years and a whopping 16,420 per cent in 5 years.

On Thursday, shares of Mercury EV-Tech Ltd surged 2.11 per cent to Rs 61.43 per share from its previous closing of Rs 60.16 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, a prominent electric vehicle solutions provider in Gujarat, announced the inauguration of its new showroom. The new facility is located at Shop No. 5, Near Sagar Complex, Jashonath Circle, Bhavnagar, Gujarat. This expansion marks a significant step in Mercury EV Tech's commitment to making its innovative EV solutions more accessible to customers in the region.

About the Company

Mercury EV Tech, a leading electric vehicle solutions provider based in Gujarat, offers end-to-end EV solutions, including in-house manufacturing of crucial components like batteries, chassis, and motor controllers, supported by a CED coating plant for quality and cost control. Committed to "Atmanirbhar Bharat," they are establishing one of India's largest Lithium-Ion battery manufacturing facilities in Vadodara with a 3.2 GW capacity, expected to begin pilot production by mid-June 2025, which will produce various battery chemistries for diverse EV and Battery Energy Storage System (BESS) applications. With dedicated R&D centres and strategic in-house manufacturing, Mercury EV Tech is well-positioned to capitalise on India's rapidly growing EV and BESS markets, driven by supportive government policies and increasing demand for clean energy solutions.

The company has a market cap of over Rs 1,100 crore and reported stellar numbers in its Quarterly Results (Q4FY25) and annual results (FY25). According to quarterly results, the net sales increased by 451 per cent to Rs 30.68 crore and net profit increased by 470 per cent to Rs 1.34 crore in Q4FY25 compared to Q4FY24. In its annual results, the net sales increased by 307 per cent to Rs 89.64 crore and the net profit increased by 286 per cent to Rs 7.70 crore in FY25 compared to FY24.

The stock is up by 20 per cent from its 52-week low of Rs 51.24 per share. In FY25, FIIs took a fresh entry and bought 36,43,605 shares or 1.92 per cent compared to FY24. The stock gave multibagger returns of 6,300 per cent in 3 years and a whopping 16,420 per cent in 5 years.

Disclaimer: The article is for informational purposes only and not investment advice.