Share Market News: THIS EV stock gains as company shares key business updates, check price and other details here

According to BSE Analytics, the company's stock has gained more than 6 per cent in the past week and fallen more than 4 per cent in the past month.

Amid heavy pressure on the stock market on Tuesday, December 16, the stock of small-cap EV company Mercury Ev-Tech Ltd. is on investors’ radar. While the Sensex and Nifty saw sharp declines, this EV stock, priced under ₹50, rose more than 4% in intraday trading. Mercury EV-Tech shares jumped 4.2% to an intraday high of ₹40.45. However, they are still down nearly 59% from their 52-week high of ₹99.26, set in January 2025. The stock opened at ₹39.27 on the BSE today.

The company’s 39th Annual General Meeting was held on December 15, 2025. The meeting approved the audited results for FY25. Shareholders also approved the reappointment of Director Darshankumar Shah and the appointment of Riya Sharma as a non-executive independent director.

Chairman and Managing Director Jayesh Raichandbhai Thakkar spoke on the company’s performance and future strategy. According to the filing, the company has performed strongly on the financial front. Net sales increased 51% to ₹34.01 crore in Q2FY26, while profit increased 35% to ₹1.72 crore. In the September quarter, profit also increased 15.7% year-on-year, and revenue jumped more than 75%.

According to BSE Analytics, the company’s stock has gained more than 6 per cent in the past week and fallen more than 4 per cent in the past month. The stock has fallen 55 per cent in the past year.

However, the stock has gained over 265 per cent in the last 3 years and 6060 per cent in the last 5 years.

Founded in 1986, Mercury EV-Tech manufactures electric scooters, cars, buses, and special-purpose EVs. The company also provides customised EV solutions for the hospitality and industrial segments.

Meanwhile, benchmark indices Sensex and Nifty declined in early trade on Tuesday as persistent foreign fund outflows and weak global market trends dented investors’ sentiment.

The 30-share BSE Sensex declined 363.92 points to 84,849.44 during initial trade. The 50-share NSE Nifty dropped 106.65 points to 25,920.65.