Multibagger Alert: Small-Cap Stock Under Rs 100 Soars 3% After Key Business Update — Delivers 16,200% Return in 5 Years
Shares of Mercury EV Tech gained over 3 per cent on Tuesday after the company unveiled a major clean energy initiative—establishing a 3.2 GW lithium-ion battery facility in Vadodara via its subsidiary PowerMetz Energy. This marks its strategic foray into the battery manufacturing sector, with expansion plans already underway for a second facility in South India.
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- by Admin,
- April 15, 2025
- on Timesnownews
The share price of Mercury EV Tech climbed by more than 3% in Tuesday trade after the company issued a business update which reiterated its involvement in the clean energy transformation of India, to establish a 3.2 GW Battery manufacturing facility in Vadodara.
In a filing to the exchange, the company stated Mercury EV Tech via its fully owned subsidiary PowerMetz Energy Pvt Ltd has confirmed the arrival of a 3.2 GW Lithium-Ion Battery production plant at its Vadodara site. With this declaration, Mercury EV Tech not only enters the battery industry but with a considerable scale, lofty ambitions and a strong desire to be the leader.
“We're not just building capacity; we're building a platform for long-term energy resilience." We have plans to start work on a further 3.2 GW battery plant in South India, with the Vadodara facilities, performance and order pipeline providing the basis for this growth. Initial land assessments have been completed at four or five locations and the final choice of location will depend on the operational momentum and the strength of the order book in the coming quarters," said Darshal Shah of Mercury EV Tech.
Furthermore, the company disclosed in its filing withRs the exchange that in order to meet the global standards of automation, Mercury EV-Tech had also ordered a fully automated high-volume production line, from one of the top equipment suppliers in China. A technical delegation from India is scheduled to visit the site of its new equipment in China on April 15 2025, before shipping. The machinery is expected to be delivered to the Vadodara campus at the end of April, with pilot production to commence in mid-May 2025.
This strategic move is not just about increased capacity, it is a concept. Mercury EV-Tech is preparing for a future of cell innovation, industrial self-reliance, and vertical alignment that will create a new industrial world.
Mercury EV Tech share price today
Mercury EV Tech share price today began at Rs 59 apiece on the BSE, the stock hit an intraday high of Rs 61 apiece and an intraday low of Rs 58.15 apiece. With data from Trendlyne, Mercury EV Tech share price has fallen by 32.5% and has significantly underperformed its sector by 31.94% over the past year. Mercury EV Tech grew annual revenue, growing 39.54% to Rs 22.53 crore, compared to its sector average from the previous fiscal year, which was 18.52%. It also increased net profit annually in the amount of 54.48% to Rs 1.99 crore, again compared to its sector average of 88.68%.
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Mercury EV-Tech Targets Industrial Transformation
-Timesnownews
Mercury EV-Tech is preparing for a future of cell innovation, industrial self-reliance, and vertical alignment that will create a new industrial world.
