2 days ago
This company's shares gain amid volatility in market
शेयर बाजार में हाहाकार, अरबों डॉलर हुए स्वाहा
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 1,100 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 36,43,605 shares, representing a 1.92% increase over FY24. The stock has delivered multibagger returns of 6,550% over three years and a remarkable 17,065% over five years.
