The Indian stock market saw a relief rally, and among the names catching traders’ attention was multibagger EV stock Mercury EV Tech. The stock has had its share of volatility, but moments like today show how quickly sentiment can shift when markets bounce back.
Across the last few months, this EV stock has seen heavy pressure. Yet, despite the declines, its long-term journey continues to stand out in the broader EV stocks space.
Market Performance: Mercury EV Tech Share Price Today
On Wednesday, Mercury EV Tech's share price edged up nearly 1.14%, touching ₹38.96 per share.
The move came right after the broader Indian stock market staged a comeback, and the positive sentiment spilled over into select mid- and small-cap counters.
Even with this uptick, the stock’s recent trend shows a contrasting picture:
- Down 40% over the last six months
- Down 62% over the last year
- But up a massive 5,884.62% in the last five years
This long-term performance is what still keeps Mercury EV Tech on the radar of investors tracking multibagger EV stocks.
Main News: Expansion Push Triggers Fresh Buzz
The latest trigger for the stock came from the company’s operational update.
Mercury EV Tech announced the opening of a new showroom in Porbandar, Gujarat, aligning with its ongoing expansion plans.
In its November 18 exchange filing, the company said the new outlet is part of its wider plan to strengthen its presence and expand its reach.
For an EV company focusing on growing tier-2 and tier-3 visibility, these steps often help expand market penetration.
Company Details: Mercury EV Tech and Its Business
Founded in 1986, Mercury EV Tech operates in the electric mobility and renewable energy space.
The company manufactures and trades a broad range of EV products, covering multiple categories.
- Electric scooters
- Electric cars
- Electric buses
- Electric Vintage cars
- Golf carts
It also develops customised EV solutions for hospitality and industrial setups, an area where specialised mobility products often see steady demand.
Mercury EV Tech Q2 Results 2025 / FY26: Strong Momentum Continues
The company’s latest quarterly numbers show visible growth across key financial metrics.
Here’s a simple breakdown for readers looking at the Mercury EV Tech Q2 results FY26 and the first half performance:
Q2 FY26 Performance
- Net Sales: ₹34.01 crore (up 51% vs. Q1 FY26)
- Net Profit: ₹1.72 crore (up 35% vs. Q1 FY26)
First Half FY26 Performance
- Net Sales: ₹56.58 crore (up 142%)
- Net Profit: ₹2.99 crore (up 43%)
Year-on-Year Comparison (Q2 FY26 vs Q2 last year)
- Net Profit: ₹1.84 crore (up 15.7%, vs. ₹1.59 crore)
- Revenue from Operations: ₹34 crore (up 75%)
The numbers reflect rising sales and a steady rise in profitability, pointing toward stronger operational traction during the fiscal year.
Summary
The narrative around multibagger EV stock Mercury EV Tech continues to be a mix of sharp volatility and strong long-term returns. A brief lift in the broader stock market today helped the stock recover slightly, while the company’s update on its new Gujarat showroom added a fresh trigger.
The Q2 FY26 results further highlight the company’s ongoing momentum, with revenue and profit growing meaningfully on both quarter-on-quarter and year-on-year comparisons.
For now, Mercury EV Tech remains one of the most talked-about names in the EV stock basket, especially given its unique product range, expansion updates, and significant five-year performance.
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