Multibagger Stock Mercury Ev-Tech Jumps 14% After Corporate Announcements; AGM, Q2 Results in Focus.

Market Performance: A Sharp Rebound in a Single Session

The Indian stock market started the week with a sudden spotlight on Mercury Ev-Tech shares. The multibagger stock, which had been struggling in recent months, staged a dramatic recovery on Monday.

The surge was strong and quick. Mercury Ev-Tech share price rallied nearly 14.71%, climbing to ₹42.31 apiece during the session. The move stood out because the stock had been under pressure for a while—down over 33% in the last six months and 58% in the last year.

Yet, despite the near-term weakness, the long-term story remains unusual. The stock has soared 6,367.69% in the past five years, turning into one of the most notable multibagger small-cap stocks in its segment.

Main News: AGM Announcement Triggers Market Buzz

The spark behind the sudden interest came from the company’s confirmation about its 39th Annual General Meeting (AGM).

The AGM is scheduled for:

• Date: Monday, 15 December 2025
• Time: 12:00 p.m. (IST)
• Venue: Registered Office, Block No. 28, National Highway No. 8, Manglege, Vadodara, Gujarat, 391243

During the meeting, several key items will be addressed, including:

• Review and adoption of audited results for the year ended March 31, 2025
• Re-appointment of Darshankumar Jitendra Shah as director
• Appointment of Riya Vinodbhai Sharma as a non-executive independent director
• Appointment of SJV & Associates as secretarial auditors
• Authorisation for the board to grant loans, advances, or securities

This set of disclosures helped build fresh interest around the counter, especially for investors tracking corporate governance updates.

Adding to that, the company recently shared another update linked to its expansion plans. It inaugurated a new showroom in Porbandar, Gujarat, aligning with its strategy to strengthen market presence and widen outreach. The new showroom adds to the company’s push to widen its presence in the EV market.

Company Details: Q2 Results Show Strong Momentum

Alongside the AGM news, the company’s financial performance for the current fiscal year has also been a key talking point.

Mercury Ev-Tech Q2 Results 2025 / Q2 FY26 Highlights

• Net sales:
  • Q2FY26: ₹34.01 crore, up 51% compared to Q1FY26
  • H1FY26: ₹56.58 crore, up 142% year-on-year
• Net profit:
  • Q2FY26: ₹1.72 crore, up 35% from Q1FY26
  • H1FY26: ₹2.99 crore, up 43% year-on-year
  • Q2FY26 YoY: ₹1.84 crore, compared to ₹1.59 crore in the same quarter last year
• Revenue from operations:
  • Jumped over 75%, reaching ₹34 crore during the September quarter

These numbers reflect a phase of strong growth across revenue and profitability, supported by rising demand for the company’s electric mobility offerings.

The company, established in 1986, focuses on manufacturing and trading electric vehicles and renewable-energy-oriented products. Its portfolio spans:

• Electric scooters
• Electric cars
• Electric buses
• Electric vintage cars
• Golf carts
• Customised EV solutions for hospitality and industrial needs

This mix positions the company across multiple EV niches, from personal mobility to commercial utility.

Summary: Momentum Returns to a Volatile Multibagger

Monday’s move in Mercury Ev-Tech share price today showed how quickly sentiment can shift in the stock market today, especially when corporate updates and financial performance arrive together.

Key triggers behind the sudden 14% rise:

• Confirmation of the 39th AGM
• Multiple agenda items indicate active corporate activity.
• Addition of a new showroom in Gujarat
• Strong Q2FY26 and H1FY26 results across revenue and profit metrics

While the stock has seen steep corrections in the short term, its long-term performance still places it in the rare bracket of multibagger stocks in the Indian stock market.

The coming weeks may continue to draw attention as the AGM approaches and the company progresses through its expansion and financial reporting cycle.