Electric Vehicle Stock Sees 8.5% Jump Amid Relief Rally on Indian Stock Market

Mercury Ev-Tech Share Price Rallies 8.5% to ₹35.55

On Wednesday, February 25, Mercury Ev-Tech's share price surged by over 8.5% to ₹35.55 in intra-day deals, following gains in broader equity markets. Despite the sharp move, the stock remains 54% below its 52-week high of ₹76.93, recorded in April 2025.

Performance Overview

As a small-cap stock, Mercury Ev-Tech has delivered impressive long-term performance, with multibagger returns of around 4,650% in the last five years. However, in the shorter term, the stock has been volatile, with a decline of 49% over the past one year, 35% in the last six months, 14% in the past three months, and over 6% in the last one month.

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Financial Performance

For the third quarter of FY26, Mercury Ev-Tech posted net sales of ₹25.29 crore and a net profit of ₹0.89 crore. For the nine-month period ended FY26, net sales stood at ₹81.86 crore, while net profit came in at ₹4.22 crore.

Foreign Institutional Investors (FIIs) Stake

During the quarter, FIIs increased their holding in the company, acquiring 14,71,638 shares. As a result, FIIs held a 2.68% stake at the end of the December quarter, up from 1.90% at the close of the September 2025 quarter.

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Company Overview

Established in 1986, Mercury EV-Tech operates in the electric mobility and renewable energy segments, manufacturing and trading electric scooters, cars, buses, and niche products such as electric vintage vehicles and golf carts. The company also offers customised electric vehicle solutions for clients in the hospitality and industrial sectors.