Mercury Ev-Tech Share Price Today Jumps Over 14% as EV Policy Buzz Lifts Sentiment.

Market Performance: Mercury Ev-Tech Defies Weak Markets

Even as the broader Indian stock market struggled for direction, Mercury Ev-Tech's share price today stood out. The small-cap EV stock surged over 14%, catching trader and investor attention in an otherwise sideways session.

Shares opened at ₹39.89 on the BSE and climbed to an intraday high of ₹40.99. The move came at a time when benchmark indices showed little momentum, making the rally in this small-cap EV manufacturer even more noticeable.

In a weak tape, such price action usually signals a stock reacting to a specific trigger rather than general market optimism.

Main News: India–EU Trade Talks Spark Interest in Small-Cap EV Stock

The sharp move in Mercury Ev-Tech was linked to developments around the India–European Union Free Trade Agreement.

As per reports, the agreement may allow battery electric vehicles to remain exempt from import duty cuts for the first five years. This provision is seen as a protective window for local EV manufacturers, helping safeguard domestic investments.

Interestingly, while larger auto stocks stayed under pressure due to fears of increased competition, the narrative was different for smaller EV players.

Key import duty context mentioned in reports:

• Import duty on EU vehicles may fall to 30–35%
• Current import duty levels range between 66% and 110%
• Battery electric vehicles may see no duty cuts for five years.

This distinction helped shift sentiment toward select domestic EV manufacturers like Mercury Ev-Tech.

Company Details: What Mercury Ev-Tech Does

Mercury Ev-Tech operates as a small-cap EV manufacturer with a diversified product base. The company is involved in:

• Electric scooters
• Electric cars
• Electric buses
• Loaders and golf carts
• Renewable energy products

Its presence across multiple EV segments keeps the stock on the radar whenever policy or trade-related news impacts the electric mobility space.

Recent Price Action Shows Rising Interest

The recent rally was not a one-off move.

Earlier, Mercury Ev-Tech shares jumped nearly 15% on January 23, closing at ₹36.28 after touching an intraday high of ₹36.55. That session also saw high trading volumes of over 11 lakh shares, pointing to rising participation in the stock.

Such volume-backed moves often highlight heightened interest in small-cap EV stocks during policy-driven news cycles.

Recent Developments: AGM Highlights

Mercury Ev-Tech Limited held its 39th Annual General Meeting (AGM) on December 15, 2025, in Vadodara. The meeting focused on key business matters for FY25.

Shareholders approved several resolutions, including:

• Adoption of 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
• Authorization for extending loans or securities to related entities

The AGM included remote e-voting between December 12 and December 14, followed by in-person voting at the venue.

Financial Performance: Mercury Ev-Tech Q2 Results FY26

The company also reported strong numbers in its Q2FY26 results, supporting broader interest in the stock.

Quarterly performance (Q2FY26):

• Net sales rose 51% to ₹34.01 crore.
• Net profit increased 35% to ₹1.72 crore (vs Q1FY26)

First half FY26 performance:

• Net sales surged 142% to ₹56.58 crore.
• Net profit grew 43% to ₹2.99 crore.

On a year-on-year basis:

• Q2FY26 net profit rose 15.7% to ₹1.84 crore
• Revenue from operations jumped over 75% to ₹34 crore.

These figures reflected improving scale and profitability during the fiscal year.

Summary: Why Mercury Ev-Tech Is in Focus

The recent move in Mercury Ev-Tech's share price today was driven by a mix of policy-related developments, strong volumes, and improving financial performance.

Key takeaways:

• Stock surged over 14% despite weak markets.
• India–EU FTA developments supported EV sentiment
• Battery electric vehicles may get duty protection for five years.
• Q2FY26 results showed strong growth in sales and profits
• High trading volumes reflected rising interest in the small-cap EV stock.

In a market searching for direction, Mercury Ev-Tech found momentum through policy cues and company-specific developments, keeping it firmly in focus among small-cap EV manufacturers.