Multibagger EV Stock Under Rs 70 with 17,530 Per Cent Returns in Just 5 Years: FIIs Took a Fresh Entry in FY25 & Bought 36,43,605 Shares
The stock gave multibagger returns of 235 per cent in just 2 years, 6,700 per cent in 3 years and a whopping 17,530 per cent in 5 years.
On Thursday, shares of Mercury EV-Tech Ltd surged 3.42 per cent to Rs 63.47 per share from its previous closing of Rs 61.37 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 stands out as a comprehensive electric vehicle solutions provider, strategically positioned in Gujarat to leverage logistical advantages for its end-to-end manufacturing capabilities. Their core strength lies in the in-house production of vital EV components like batteries and chassis, complemented by a CED coating plant, which ensures stringent quality and cost management. Going beyond mere assembly, Mercury EV Tech designs and manufactures a diverse range of electric vehicles, including two and three-wheelers, loaders, and passenger vehicles, all while championing the "Atmanirbhar Bharat" initiative by offering complete EV solutions. This commitment to innovation and expansion is further solidified by their dedicated R&D centres in Vadodara and Hyderabad, focused on advancing EV technology and high-range vehicles.
With the commissioning of a substantial 3.2 GW lithium-ion battery manufacturing facility in Vadodara under its subsidiary PowerMetz Energy, Mercury EV-Tech Limited is poised to significantly impact India's clean energy transition. This ambitious undertaking positions the company as a key player in battery technology, going beyond conventional manufacturing to encompass a diverse range of next-generation cell chemistries, including LFP, NMC, Sodium-Ion, and Supercapacitor modules, catering to applications from electric mobility and charging infrastructure to grid-scale and residential energy storage solutions, all supported by a fully robotic production line expected to commence pilot production by mid-May 2025, marking a pivotal shift for Mercury EV-Tech towards deep-tech energy innovation and bolstering India's energy independence.
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The company has a market cap of over Rs 1,200 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 results, 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.
The stock is up by 24 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 235 per cent in just 2 years, 6,700 per cent in 3 years and a whopping 17,530 per cent in 5 years.
Disclaimer: The article is for informational purposes only and not investment advice.