Mercury EV-Tech Ltd. a Gujarat-based electric vehicle solutions provider launched a new EV showroom in Bhavnagar. This resulted in a 2.2% share price increase to Rs 62.75 on Tuesday from the previous closing price of Rs 61.40. However profit-taking and market volatility led to a significant reduction in gains. At 1:21 pm shares were trading up 0.5 percent at Rs 61.70 on the BSE. The 52-week high and low are Rs 139.20 and Rs 51.24 per share respectively. The company boasts a market capitalization exceeding Rs 1100 crore with strong Q4FY25 and FY25 financial results. Quarterly net sales surged 451% to Rs 30.68 crore and net profit increased by 47% to Rs 1.34 crore compared to Q4FY24. Annually net sales grew 307% to Rs 89.64 crore in FY25 while net profit rose 286% to Rs 7.70 crore compared to FY24. Since reaching its 52-week low of Rs 51.24 per share the stock has appreciated by 22.5%. FY25 saw new Foreign Institutional Investor (FII) participation with the acquisition of 3643605 shares representing a 1.92% increase over FY24. The stock has delivered multibagger returns of 6550% over three years and a remarkable 17065% over five years.
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