Stock Market Today: Having seen 15,600% rally in five years, the small-cap EV stock gained in the intraday trades on Friday in a rally post-RBI MPC meeting outcome was announced. Check details
While the sharp gain in the Indian Stock Markets following a sunrise 50 bps or basis point. also supported the gain for the small-cap EV stock MERCURY EV-TECH LIMITED. A surprising 50 basis point rate Cut decision boosts the Indian stock market, sending the benchmark Indices as S&P BSE Sensex up 800 points and the Nifty-50 index above the 25,000 mark. Besides the strong market sentiments led by RBI’s interest rate decisions, the gains for Mercury EV-tech Ltd also were driven by the announcement following Business update.
Small-cap EV stock Mercury EV-tech business updates
Small-cap EV stock Mercury EV-Tech business on Thursday 5, June, 2025 intimated the BSE or the Bombay stock Exchange about a business update. As per the business u[date announced by Mercury Ev-Tech Limited, the company has inaugurated a new showroom located at Shop No. 5, Near Sagar Complex, Jashonath Circle, Bhavnagar, Gujarat.
Its other business its faculties include a chassis Manufacturing. unit. This is a state-of-the-art facilities with advanced machinery for diverse chassis types.
MANUFACTURING FACILITY & CAPACITY: It has a 3.2 GW Lithium-Ion Battery Manufacturing Facility (Vadodara), The company has placed additional order for a fully robotic, high-throughput production line from a top-tier equipment provider.
Equipment is expected by end of May, pilot production by mid-June 2025.
It has Designed as a next-generation battery architecture hub with infrastructure for a wide range of chemistries. Multi-chemistry flexibility to cater to electric mobility and stationary energy storage.
Capable of producing LFP, NMC, Sodium-Ion Cells, and Super Capacitor Modules
Small-cap EV stock Mercury EV-Tech share price movement
Small-cap EV stock Mercury EV-Tech Share price touched intraday highs of ₹59.94 , which translated in to gains of more 1% The Small-cap EV stock Mercury EV-tech share price despite sharp corrections in the recent past, the Mercury EV-tech is still up 1560 % in the last 5 years.
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