Even as the Indian stock market witnessed a decline on Friday, select EV stocks stood out with strong gains. Mercury EV-Tech shares jumped 7.24% to hit ₹45 per share on the BSE, driven by robust buying interest. This surge came despite selling pressure in benchmark indices — the BSE Sensex fell over 0.3%, while the Nifty 50 slipped below 25,800 to close at 25,722.10.
Company update: Resignation of Company Secretary
Mercury EV-Tech informed exchanges that its Company Secretary and Compliance Officer, Charmi Milind Joshi, has resigned. In a regulatory filing dated October 30, 2025, the company stated that Joshi will continue to serve in her role until November 24, 2025.
The small-cap company manufactures a range of electric vehicles, including three-wheelers, commercial EVs, and industrial fleets, along with key EV components such as batteries, chassis, and motor controllers.
Stock performance: A volatile ride
Despite today’s gains, Mercury EV-Tech’s stock has been under pressure in recent months. The shares have fallen 7% in the past month, 12% in three months, and 32% over six months. Year-to-date (YTD), the stock is down 54%, and over the last one year, it has dropped more than 60%.
You may also like
Thomas Frank makes Xavi Simons claim and admits Tottenham will need to splash transfer cash
Arne Slot responds to Liverpool sack threat and hits back at critics
BJP has become burden on soil of Gujarat: Arvind Kejriwal
Juvenile's conviction is not a bar to govt service, rules Allahabad HC; issues order to reinstate govt teacher
Bankipur constituency: Nitin Nabin aims for fourth consecutive term, RJD hopes to breach BJP bastion
