Mercury Ev-Tech shares jumped 8.5% on February 25, reaching ₹35.55 during intra-day trading. According to reports from LiveMint, the multibagger stock benefited from broader gains in equity markets on Wednesday. Despite the sharp move, the EV stock remains 54% below its 52-week high of ₹76.93, which was recorded in April 2025. The stock had previously touched its 52-week low of ₹29.95 last month, highlighting the significant volatility in recent trading sessions.
The company reported net sales of ₹25.29 crore and a net profit of ₹0.89 crore for the third quarter of FY26, as reported by LiveMint. For the nine-month period ended FY26, net sales stood at ₹81.86 crore, while net profit came in at ₹4.22 crore. The quarterly results contributed to the positive market sentiment that drove the stock's rally on Wednesday.
Foreign institutional investors (FIIs) increased their stake in Mercury Ev-Tech during the quarter, acquiring 14,71,638 shares. According to LiveMint reports, FIIs held a 2.68% stake at the end of the December quarter, up from 1.90% at the close of the September 2025 quarter. This increase in foreign institutional participation reflects growing investor confidence in the company's prospects.
Despite recent volatility, Mercury Ev-Tech remains one of the standout long-term performers in the small-cap space, delivering multibagger returns of around 4,650% over the last five years. However, performance in the shorter term has been challenging, with the stock down 49% over the past one year, 35% in the last six months, 14% in the past three months, and over 6% lower in the last month, as reported by LiveMint.
Established in 1986, Mercury EV-Tech operates in the electric mobility and renewable energy segments, manufacturing and trading electric scooters, electric cars and electric buses, along with niche products such as electric vintage vehicles and golf carts. According to LiveMint, the company also offers customised electric vehicle solutions tailored for clients in the hospitality and industrial sectors, positioning it in the growing electric mobility market.
