Market Performance: Indian Stock Markets Under Pressure
The Indian stock markets opened on a weak note as selling pressure dominated early trade. Benchmark indices slipped sharply, reflecting cautious sentiment across Dalal Street.
The Sensex dropped over 400 points, touching an intraday low of 84,795. The Nifty 50 also moved lower, falling below the 26,000 mark to an intraday low of 25,901.
The weakness was not limited to the frontline indices. Broader markets also came under pressure, with both BSE Midcap and BSE Smallcap indices declining by more than 0.5% during the session.
Within the first 30 minutes of trade, nearly ₹2 lakh crore was wiped off investor wealth. The total market capitalisation of BSE-listed companies slipped to around ₹469 lakh crore by 9:45 am, compared with ₹471 lakh crore in the previous session.
Despite this cautious backdrop, select small-cap stocks managed to move against the trend.
Main News: Mercury EV Tech Share Rises Despite Market Weakness
Amid the broader market decline, Mercury EV Tech's share price today stood out. The small-cap EV stock under ₹50 gained over 4% during intraday trade on December 16, drawing fresh attention despite weak overall sentiment.
Mercury EV Tech share price climbed to an intraday high of ₹40.45, marking a 4.2% jump. Even after this move, the stock remains well below its 52-week high of ₹99.26, touched in January 2025. Earlier this month, it had slipped to a 52-week low of ₹36.
The recent rally comes after a period of sharp correction. Over the past year, the Mercury EV share price has been down 55%. The stock has declined 34% in the last six months, 14% over three months, and 5% in the past month.
Yet, the long-term picture tells a very different story. Over the last five years, Mercury EV Tech has delivered an extraordinary 5,800% return, making it one of the most talked-about multibagger small-cap EV stocks in the Indian stock markets.
Recent Corporate Update: AGM Highlights
Mercury EV-Tech Limited recently held its 39th Annual General Meeting on December 15, 2025, in Vadodara. The meeting focused on key statutory and business matters for FY25.
Shareholders voted on several important resolutions, including:
- Adoption of the audited financial statements for FY25
- Reappointment of Director Darshankumar Shah
- Appointment of Riya Sharma as a non-executive independent director
- Appointment of SJV & Associates as secretarial auditors
- Authorisation for the board to provide loans or securities to entities where directors have an interest
The Chairman and Managing Director addressed shareholders on company performance and audit-related matters before opening the floor for questions. Remote e-voting took place between December 12 and December 14, followed by ballot voting at the venue.
Mercury EV Tech Q2 Results 2025: Financial Snapshot
Financial performance has been a key factor keeping Mercury EV Tech's share in focus.
Q2 FY26 Performance:
- Net sales: ₹34.01 crore, up 51%
- Net profit: ₹1.72 crore, up 35% compared with Q1 FY26
On a year-on-year basis, Q2 FY26 net profit rose 15.7% to ₹1.84 crore, compared with ₹1.59 crore in the same quarter last year. Revenue from operations jumped over 75% to around ₹34 crore during the September quarter.
H1 FY26 Performance:
- Net sales: ₹56.58 crore, up 142%
- Net profit: ₹2.99 crore, up 43%
These numbers highlight strong revenue momentum and improving profitability during the current financial year.
Company Details: What Mercury EV Tech Does
Founded in 1986, Mercury EV-Tech operates in the electric vehicle and renewable energy space. The company is engaged in manufacturing and trading a wide range of EV products.
Its portfolio includes:
- Electric scooters
- Electric cars
- Electric buses
- Specialised vehicles such as electric vintage cars and golf carts
The company also provides customised EV solutions for hospitality and industrial use, positioning itself across multiple EV segments within the small-cap EV stock space.
Summary: Small-Cap EV Stock Moves Against the Tide
While the broader Indian stock markets remained under pressure, Mercury EV Tech's share price today moved higher, bucking the weak trend. The stock’s intraday gain came despite sharp declines in the Sensex and Nifty 50 and ongoing volatility across mid and small-cap stocks.
Key takeaways:
- Mercury EV Tech shares rose over 4% despite market weakness
- The stock remains down 55% over one year but is up 5,800% over five years
- Q2 and H1 FY26 financials showed strong growth in revenue and profits
- Recent AGM updates added to investor attention
In a cautious market environment, Mercury EV Tech continues to remain one of the closely tracked small-cap EV stocks under ₹50 in the Indian stock market today.
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