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The buying in the counter came after the company reported over 700 per cent rise in its Q3 profit“>
Shares of smallcap company Mercury EV-Tech are in action today despite a sell-off in the market. The auto sector stock opened gap up at INR 76, up more than 4% versus the previous close of INR 72.92 on BSE.
The stock extended the gains to make an intraday high of INR 79.99, up 9.7%. At the time of writing the report around 2 PM, the EV stock traded firmly in the green to quote 4.22 % higher at INR 76. Nearly 5 lakh equities changed hands around the same time.
Mercury EV-Tech shares today gained after four days of consecutive gains. The counter is trading higher than 5-day moving averages but lower than 20-day, 50-day, 100-day and 200-day moving averages.
Mercury EV-Tech Q3 Results
The buying in the counter came after the company reported over 700% rise in its Q3 profit. The company said that its profit in the December 2024 quarter stood at INR 4.28 crore, up 707% from Rs 0.53 crore reported in the same quarter a year ago.
The company said that its sales rose by 677% in Q3 to INR 35.60 crore versus INR 4.58 crore clocked during the same quarter of FY2024.
Mercury EV-Tech Share Price History
Mercury EV-Tech, a constituent of BSE Smallcap index, is engaged in the manufacturing of electric scooters, electric cars, electric buses, electric vintage cars, electric golf cars and electric vehicles.
The company commands a market capitalisation of INR 1,437.34 crore as on Feb 12, according to BSE website.
As per BSE analytics, the EV stock has slipped 17% in the last one year while rallied 318% in two years. In the last 3 and 5 years, the counter has skyrocketed 880 % and 21517%, respectively, resulting in wealth gain for investors.
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The auto sector stock opened gap up at INR 76, up more than 4 per cent versus the previous close of INR 72.92 on BSE.
- Updated On Feb 13, 2025 at 12:03 PM IST
The buying in the counter came after the company reported over 700 per cent rise in its Q3 profit“>
Shares of smallcap company Mercury EV-Tech are in action today despite a sell-off in the market. The auto sector stock opened gap up at INR 76, up more than 4% versus the previous close of INR 72.92 on BSE.
The stock extended the gains to make an intraday high of INR 79.99, up 9.7%. At the time of writing the report around 2 PM, the EV stock traded firmly in the green to quote 4.22 % higher at INR 76. Nearly 5 lakh equities changed hands around the same time.
Mercury EV-Tech shares today gained after four days of consecutive gains. The counter is trading higher than 5-day moving averages but lower than 20-day, 50-day, 100-day and 200-day moving averages.
Mercury EV-Tech Q3 Results
The buying in the counter came after the company reported over 700% rise in its Q3 profit. The company said that its profit in the December 2024 quarter stood at INR 4.28 crore, up 707% from Rs 0.53 crore reported in the same quarter a year ago.The company said that its sales rose by 677% in Q3 to INR 35.60 crore versus INR 4.58 crore clocked during the same quarter of FY2024.
Mercury EV-Tech Share Price History
Mercury EV-Tech, a constituent of BSE Smallcap index, is engaged in the manufacturing of electric scooters, electric cars, electric buses, electric vintage cars, electric golf cars and electric vehicles.The company commands a market capitalisation of INR 1,437.34 crore as on Feb 12, according to BSE website.
As per BSE analytics, the EV stock has slipped 17% in the last one year while rallied 318% in two years. In the last 3 and 5 years, the counter has skyrocketed 880 % and 21517%, respectively, resulting in wealth gain for investors.
- Published On Feb 13, 2025 at 12:03 PM IST
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