Despite a general market dip, Mercury Ev-Tech shares increased by more than 4% on December 16. The stock has increased 5,800% during the last five years, but it has decreased 55% in the last year. With net sales up 51% year over year in Q2FY26, the company recorded robust financial growth.
Multiple bagger EV small-cap stocks under ₹50: EV small-cap stocks under ₹50 On Tuesday, December 16, the price of Mercury Ev-Tech's shares increased by more than 4% during intraday trading, despite a decline in the general mood of the market.
The Nifty 50 went below the crucial 26,000 barrier, reaching an intraday bottom of 25,901, while the Sensex plummeted more than 400 points to an intraday low of 84,795.
Within the first half hour of trading, investors lost around ₹2 lakh crore due to the sharp early loss. By 9:45 am, the entire market capitalization of BSE-listed businesses was approximately ₹469 lakh crore, down from ₹471 lakh crore during the previous session.
Performance of Mercury Ev-Tech shares
The price of Mercury Ev-Tech shares surged 4.2% to reach a high of ₹40.45 for the day. The small-cap stock is still more than 59% behind its January 2025 52-week high of ₹99.26. Earlier this month, it reached its 52-week low of ₹36.
The EV stock has dropped 55% in the last year, 34% in the previous six months, 14% in the last three months, and 5% in the last month.
But over time, it has produced remarkable multibagger returns, rising 5,800% in just five years.
Current Advancements
The main goal of Mercury EV-Tech Limited's 39th Annual General Meeting, which took place in Vadodara on December 15, 2025, was to approve important corporate resolutions for FY25. The acceptance of the audited financial accounts for FY25, the reappointment of Director Darshankumar Shah, and the appointment of Riya Sharma as a non-executive independent director were the five main issues that shareholders debated and voted on. Additionally, they authorized the board to lend money or issue securities to companies in which directors might have a stake and approved the hiring of SJV & Associates as secretarial auditors. Before allowing questions from shareholders, Chairman and Managing Director Jayesh Raichandbhai Thakkar discussed the company's performance, audit findings, and strategic vision. Remote e-voting was conducted from December 12–14, with ballot voting at the venue.
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