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While shares of Mercury Ev-Tech Ltd, a small-cap EV company that has delivered robust returns of over 6,500% in five years, saw a rise of over 14% yesterday, the stock is trading down 4% today. The company has a market cap of ₹755.33 crore.
As of 10:24 am, the stock was trading at ₹39.50, down 4.01% or ₹1.65 on the BSE. According to data available on the BSE, 689,868 equity shares of the company were traded as of 10:14 am.
On Monday, the company announced in its latest exchange filing that Mercury Ev-Tech Limited is expanding its network in South India. The company has opened three new showrooms under the dealership model.
According to exchange filings, the opening of these showrooms is part of the company’s expansion strategy. This is expected to further strengthen Mercury Ev-Tech’s presence and reach in the market.
According to BSE Analytics, the company’s stock has risen by over 2 per cent in the past week and fallen by over 6 per cent in the past month. The stock has fallen by 60 per cent in the past year.
However, the stock has gained over 496 per cent in the past three years and over 6591 per cent in the past five years.
Meanwhile, Equity benchmark indices Sensex and Nifty declined on Tuesday morning as foreign fund outflows dampened investors’ sentiment.
In a highly volatile trade, the 30-share BSE Sensex dropped 124.95 points to 84,775.76 in early trade. The 50-share NSE Nifty declined 35.35 points to 25,924.15.
From the Sensex firms, Power Grid, Tata Motors Passenger Vehicles, Infosys, Tech Mahindra, Trent and Bharti Airtel were among the major laggards.
However, Reliance Industries, Bharat Electronics, Tata Steel and State Bank of India were among the gainers.
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