Mercury Ev Tech Share: The shares of Mercury EV Tech surged over 5% in early trade after the company announced that it will commission a 3.2 GW lithium-ion battery manufacturing facility at its Vadodara Campus through its fully owned subsidiary PowerMertz Energy Pvt. Ltd. The EV equipment manufacturing stock opened at Rs 59.00 on BSE, surging Rs 4 or over 3% against previous day's closing price of Rs 56.15 and rose over 5 per cent to hit intraday high at Rs 61.00.

However, the scrip pare some of its gain amid profit booking, at around 11:23 am, Mercury EV Tech share price was trading at Rs 59.0, surging 3.53%. Meanwhile, the 52 week high and low of the share were stood at Rs 139.20 and Rs 51.24 per share respectively.

"In a defining move that could reshape India’s clean-tech roadmap, Mercury EV-Tech Limited, through its wholly-owned subsidiary PowerMetz
Energy Pvt. Ltd., has announced the commissioning of a 3.2 GW lithium-ion battery manufacturing facility at its Vadodara campus. With this announcement, Mercury EV-Tech doesn’t just enter the battery space—it enters with scale, ambition, and the intent to lead," the company said in a exchnage filling.

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The EV sector company said that it has ordered a fully-robotic production line from china and the pilot production expected to begin from mid of May in Vadidara Campus.

"Mercury EV-Tech has placed an order for a fully robotic, high-throughput production line from one of China’s top-tier equipment providers. A technical team from India is set to inspect the facility in China on April 15, 2025, ahead of machinery shipment. The equipment is scheduled to reach the Vadodara campus by the end of April, with pilot production set to begin mid-May 2025," said the company.

Multibagger Return In 5 Years

EV Mercury Tech have been a multibagger stocks as the shares soared over 15,000% in last 5 years. However, the scrip corrected over 27% year-till-date, over 29% in a year and more than 50% in last 6 months. In last five trading session's the the Mercury EV tech shares showed some recovery momentum, surging nearly 8%.

Disclaimer: This is just an update about recent developments in the stock. Jagran does not advise investing, please do take expert opinion before investing.

 


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