SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Mercury Ev-Tech jumps on getting nod to acquire 65% stake in Traclaxx Tractors

09 May 2024 Evaluate

Mercury Ev-Tech is currently trading at Rs. 75.45, up by 1.36 points or 1.84% from its previous closing of Rs. 74.09 on the BSE.

The scrip opened at Rs. 74.98 and has touched a high and low of Rs. 75.50 and Rs. 70.50 respectively. So far 280978 shares were traded on the counter.

The BSE group 'T' stock of face value Rs. 1 has touched a 52 week high of Rs. 143.80 on 13-Dec-2023 and a 52 week low of Rs. 17.71 on 10-May-2023.

Last one week high and low of the scrip stood at Rs. 79.95 and Rs. 70.50 respectively. The current market cap of the company is Rs. 1324.51 crore.

The promoters holding in the company stood at 62.10%, while Non-Institutions held 37.89% stake in the company.

Mercury Ev-Tech has received approval for the acquisition/purchase of 65% stake in Traclaxx Tractors, equivalent to 5,23,900 equity shares of Rs. 10 each at a price of Rs 10 each, total consideration being Rs 52.39 lakh. Henceforth, Traclaxx Tractors will be considered as Subsidiary Company of Mercury EV-Tech. The Board of Directors of the Company in their Meeting held on May 08, 2024, has approved the same.

Mercury Ev-Tech is pioneer in the manufacturing of Electric Scooter, Electric Car, Electric Bus, Electric Vintage car, Electric Golf Car and Electric Vehicles in India. The company develops custom electric vehicles for a wide range of applications for the hospitality, industry, golf courses, Club and Resorts etc. 

Mercury Metals Share Price

35.39 1.61 (4.77%)
17-Apr-2026 16:59 View Price Chart
Peers

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×