The corporate acquired ISO 9001:2015 High quality Administration Methods (QMS) certification for manufacturing and exporting of assorted batteries.
On Wednesday, shares of Mercury EV-Tech Restricted jumped 5 per cent to Rs 25.03 per share, hitting the higher circuit, from its earlier closing of Rs 23.84. The inventory additionally reached a brand new 52-week excessive of Rs 25.03 per share.
Mercury EV-Tech Restricted, engaged within the improvement of modern and superior electrical mobility options in India, plans to fabricate a variety of electrical automobiles, together with 2W (Low Velocity), 2W (Excessive Velocity), 3W (Low Velocity-Passenger), 3W (Low Velocity-Loader), 3W (Excessive Velocity-Passenger), 3W (Excessive Velocity-Loader), 4W (Excessive-Velocity Loader), 12-seater off-road Bus, and 56-seater bus. The corporate is already manufacturing 2W and 3W lithium-ion batteries for trade leaders by way of its subsidiary, PowerMetz Power Non-public Restricted.
The corporate has acquired an open order value Rs 110 crore for the availability of lithium-ion batteries from one of many main 2W EV producers in India, which is predicted to be a recreation changer for the trade sooner or later. Just lately, the corporate introduced that it has acquired an L3 license for 3W passengers and 3W loaders.
Just lately, Mercury EV-Tech Restricted, by way of its 80 per cent owned subsidiary Powermetz Power Non-public Restricted, acquired ISO 9001:2015 High quality Administration Methods accreditation for its actions as a producer and exporter of assorted grades of battery packs, comparable to Lithium-ion, LiFePO4, LFP, and different Superior Chemistry Battery Packs.
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Mercury EV-Tech Ltd, previously often called Mercury Metals Restricted, is concerned within the manufacturing of electrical scooters, electrical vehicles, electrical buses, electrical classic vehicles, electrical golf vehicles, and electrical automobiles in India.
The inventory has supplied multibagger returns of 202 per cent in simply 6 months and over 2,000 per cent in 1 12 months. Traders ought to control this micro-cap inventory.
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