New Delhi, Sept. 19 -- Mercury EV-Tech shares have gained 12 percent in the past month, significantly outperforming the benchmark Nifty, which rose just 1.5 percent in the same period. However, short-term returns have been weak. The stock has shed more than 50 percent of its investor wealth over the last year and declined 17 percent in the past six months.

Despite this correction, Mercury EV-Tech has been a multibagger in the long run, skyrocketing 8,536 percent in the last five years. Currently, the scrip trades more than 63 percent below its 52-week high of Rs.139.20, touched in October 2024, and is only slightly above its 52-week low of Rs.45 hit in September 2025.

Firstcall Research has an 'overweight' rating on Mercury EV-Tech, cit...