EV stock zooms 9% despite market sell-off; here's why
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.
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- by Admin,
- February 13, 2025
- on Indiatimes
Shares of smallcap company Mercury EV-Tech are in action today despite a sell-of 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 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.
Mercury EV-Tech Delivers 21517% Return Over 5 Years, Says BSE Analytics
- Indiatimes
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.
